Guideline Value for Harbour Colony 4th Street

Harbour Colony 4th Street guideline value

The current guideline value for Harbour Colony 4th Street is Rs 2,200 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 II Type - I land classification.

How the guideline value of Harbour Colony 4th Street has changed

Looking at the historical revisions, the guideline value for Harbour Colony 4th Street was Rs 1,340 per sq.ft in 2017, which increased to Rs 2,000 per sq.ft in 2012. However, there are no figures available for the revisions in 2002, 2003, and 2007. The value saw a significant increase of 49% from 2017 to 2023, where it was revised to Rs 2,000 per sq.ft. The latest revision in 2024 saw another increase of 10%, bringing the current guideline value to Rs 2,200 per sq.ft.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The 2024 figure of Rs 2,200 per sq.ft is below the median guideline value of Rs 2,450 per sq.ft for the 118 streets in Jampuli under the Madhavaram SRO.

Guideline values in Jampuli

In Jampuli village, the guideline values range from Rs 1,700 to Rs 3,300 per sq.ft, with a median value of Rs 2,450 per sq.ft. Harbour Colony 4th Street's 2024 guideline value is below this median, indicating its position within the local market.

• Harbour Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 5th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 6th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 2nd Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 7th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Harbour Colony 4th 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, resulting in a total of Rs 1,98,000. It is important to note that 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 4th Street?

The Sub Registrar Office that covers Harbour Colony 4th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is an essential factor during property registration in Jampuli. It is used to determine the stamp duty and registration fees payable when a property is bought or sold, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Harbour Colony 4th Street?

The current guideline value of Harbour Colony 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several revisions, increasing from Rs 2,000 in 2012 to Rs 2,200 in 2024. The most notable change was a 49% increase from Rs 1,340 in 2017 to Rs 2,000 in 2023.

What is the median guideline value in Jampuli?

The median guideline value in Jampuli is Rs 2,450 per sq.ft. Harbour Colony 4th Street's 2024 guideline value of Rs 2,200 per sq.ft is below this median.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Which office handles property registration for Harbour Colony 4th Street?

The Madhavaram Sub Registrar Office handles property registration for Harbour Colony 4th Street. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.