Guideline Value for Harbour Colony 6th Street

Harbour Colony 6th Street guideline value

The current guideline value of Harbour Colony 6th 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 6th Street has changed

The guideline value for Harbour Colony 6th Street has undergone several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 2,000 per sq.ft. This figure remained until the 2017 revision, which decreased the value to Rs 1,340 per sq.ft, marking a decline of 33%. In 2023, the value increased significantly to Rs 2,000 per sq.ft, and in the latest 2024 revision, it rose further to Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jampuli

In Jampuli, 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, indicating that Harbour Colony 6th Street's 2024 figure is below this median.

• Harbour Colony 5th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 7th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 4th Street: Rs 2,200 per sq.ft (2024)
• Harbour Colony 3rd 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 6th 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, making the total fees 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 6th Street?

The Harbour Colony 6th 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 an essential factor in the registration process when buying or selling property in Jampuli. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

Frequently asked questions

What is the current guideline value of Harbour Colony 6th Street?

The current guideline value of Harbour Colony 6th 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 increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the median guideline value in Jampuli?

The median guideline value in Jampuli for 2024 is Rs 2,450 per sq.ft, with Harbour Colony 6th Street's value being below this median.

What are the stamp duty and registration fees for property in Harbour Colony 6th Street?

For a 1,000 sq.ft plot, the total guideline value is 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 office handles registrations for Harbour Colony 6th Street?

The Madhavaram Sub Registrar Office handles registrations for Harbour Colony 6th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.