Guideline Value for Harbour Colony 5th Street

Harbour Colony 5th Street guideline value

The current guideline value of Harbour Colony 5th 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 5th Street has changed

Over the years, the guideline value of Harbour Colony 5th Street has seen several revisions. 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. The 2023 revision increased it to Rs 2,000 per sq.ft, and the latest 2024 revision raised it to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Jampuli

In Jampuli, there are 118 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft, with a median of Rs 2,450 per sq.ft. The guideline value of Harbour Colony 5th Street is below this median.

• Harbour Colony 4th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 6th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 7th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Harbour Colony 5th 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. Together, these fees total 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Harbour Colony 5th Street?

The Harbour Colony 5th 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

When buying or selling property in Jampuli, the guideline value is used as a reference for determining the stamp duty and registration fees. This value is essential for ensuring that all transactions comply with local regulations and are accurately recorded.

The guideline value serves as a benchmark for property transactions, helping to standardize the assessment of property values across different streets and areas. It ensures that both buyers and sellers are aware of the official value attributed to the property they are dealing with.

Frequently asked questions

What is the current guideline value of Harbour Colony 5th Street?

The current guideline value of Harbour Colony 5th 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 back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property with a guideline value of Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office is responsible for Harbour Colony 5th Street?

The Madhavaram Sub Registrar Office is responsible for Harbour Colony 5th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Where can I find more information about other streets in Jampuli?

Information about other streets in Jampuli can be found by checking the guideline values for each street, which are available through the relevant links provided.