Guideline Value for De-Mondi Avenue

De-Mondi Avenue guideline value

The current guideline value of De-Mondi Avenue is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Jampuli village under the Madhavaram SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of De-Mondi Avenue has changed

The guideline value for De-Mondi Avenue has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,600 per sq.ft. This figure decreased to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 1,600 per sq.ft in the 2023 revision, and further rose to Rs 1,700 per sq.ft in the 2024 revision, reflecting a 6% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 to 2024 revisions, there has been a net increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jampuli

In Jampuli village, there are 118 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft, with a median value of Rs 2,450 per sq.ft. De-Mondi Avenue's 2024 guideline value is below this median.

• Corporation Road: Rs 1,700 per sq.ft (2024)
• Chinna Pappammal Street: Rs 2,200 per sq.ft (2024)
• Burma Colony Road: Rs 1,700 per sq.ft (2024)
• Elizabeth Thomas Nagar: Rs 1,700 per sq.ft (2024)
• Empier Garden: Rs 1,700 per sq.ft (2024)
• Bharathiyar Salai: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in De-Mondi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers De-Mondi Avenue?

The Sub Registrar Office that covers De-Mondi Avenue is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration of property transactions in Jampuli. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally compliant.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of De-Mondi Avenue?

The current guideline value of De-Mondi Avenue is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What are the other streets in Jampuli with their guideline values?

Other streets in Jampuli include Corporation Road, Chinna Pappammal Street, Burma Colony Road, Elizabeth Thomas Nagar, Empier Garden, and Bharathiyar Salai, with values ranging from Rs 1,700 to Rs 2,200 per sq.ft.

What fees are associated with buying property in De-Mondi Avenue?

When buying property in De-Mondi Avenue, you will need to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Madhavaram SRO?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more details about it online.