Guideline Value for Jampuli Bharathi Street

Jampuli Bharathi Street guideline value

The current guideline value of Jampuli Bharathi Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Jampuli Bharathi Street has changed

The guideline value for Jampuli Bharathi Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was revised to Rs 2,500 per sq.ft, but in the 2024 revision, it increased to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which aligns with the current guideline value of Jampuli Bharathi Street.

• Jampuli Bharathiar Salai: Rs 2,700 per sq.ft (2024)
• Jampuli Street: Rs 2,700 per sq.ft (2024)
• Jawahar 1st Lane: Rs 2,700 per sq.ft (2024)
• Jawahar 2nd Lane: Rs 2,700 per sq.ft (2024)
• Jawahar Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Indira Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jampuli Bharathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges to Rs 2,43,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jampuli Bharathi Street?

The Sub Registrar Office covering Jampuli Bharathi Street 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 Kodungaiyur

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the registration process is transparent and standardized.

When you buy or sell property, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Jampuli Bharathi Street?

The current guideline value of Jampuli Bharathi Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,500 per sq.ft in 2023, and then increased to Rs 2,700 per sq.ft in 2024. This represents an overall increase of 8% from 2012 to 2024.

Which Sub Registrar Office covers Jampuli Bharathi Street?

The Madhavaram Sub Registrar Office covers Jampuli Bharathi Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price.

What is the land classification for Jampuli Bharathi Street?

Jampuli Bharathi Street is classified as Residential Class I Type - I under the Madhavaram SRO.