Guideline Value for Harbour Colony 3rd Street

Harbour Colony 3rd Street guideline value

The current guideline value of Harbour Colony 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Jampuli village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Harbour Colony 3rd Street has changed

The guideline value for Harbour Colony 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision saw an increase to Rs 2,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,200 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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. The median value for these streets is Rs 2,450 per sq.ft, placing Harbour Colony 3rd Street's 2024 figure below that median.

• Harbour Colony 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 4th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 2nd Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 5th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Harbour Colony 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Harbour Colony 3rd Street?

The Harbour Colony 3rd Street falls under 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 factor in the registration process when buying or selling property in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Harbour Colony 3rd Street?

The current guideline value of Harbour Colony 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Harbour Colony 3rd Street?

Harbour Colony 3rd Street is classified as Residential Class II Type - I.

What is the median guideline value for streets in Jampuli?

The median guideline value for streets in Jampuli is Rs 2,450 per sq.ft, which is above the current value for Harbour Colony 3rd Street.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.