Guideline Value for Jothiramalingam Street

Jothiramalingam Street guideline value

The current guideline value of Jothiramalingam Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Jothiramalingam Street has changed

The guideline value for Jothiramalingam Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 1,000 per sq.ft in 2023 and further increased to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for Jothiramalingam Street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with the median being Rs 1,100 per sq.ft. Jothiramalingam Street's 2024 figure is equal to this median.

• J.N.Road judges Colony: Rs 2,750 per sq.ft (2024)
• J.N. Road*: Rs 3,850 per sq.ft (2024)
• jeyeprakash Street: Rs 1,320 per sq.ft (2024)
• Kaikalamegam Street: Rs 1,100 per sq.ft (2024)
• Kakkalore Road: Rs 3,300 per sq.ft (2024)
• Kalaivanar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jothiramalingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jothiramalingam Street?

The Sub Registrar Office that covers Jothiramalingam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruvallur

The guideline value is an essential factor when registering property transactions in Thiruvallur. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is sold, the guideline value serves as a benchmark for the minimum value on which stamp duty is calculated. This ensures that the registration process is transparent and aligned with the prevailing market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Jothiramalingam Street?

The current guideline value of Jothiramalingam Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the stamp duty rate for properties in Jothiramalingam Street?

The stamp duty rate for properties in Jothiramalingam Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jothiramalingam Street?

The Sub Registrar Office for Jothiramalingam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the registration fees for property transactions?

The registration fee for property transactions in Jothiramalingam Street is 2% of the guideline value or the sale price, whichever is higher.