Guideline Value for Jampuli Bharathiar Salai

Jampuli Bharathiar Salai guideline value

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

How the guideline value of Jampuli Bharathiar Salai has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, the 2024 revision saw an increase to Rs 2,700 per sq.ft, marking an 8% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The changes between the revisions highlight a steady value from 2012 to 2023, followed by a notable increase in 2024.

Guideline values in Kodungaiyur

Kodungaiyur has 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 value for these streets is Rs 2,700 per sq.ft, which matches the guideline value of Jampuli Bharathiar Salai.

• Jampuli Bharathi Street: 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 Bharathiar Salai

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

Which Sub Registrar Office covers Jampuli Bharathiar Salai?

The Sub Registrar Office that covers Jampuli Bharathiar Salai 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 during property registration in Kodungaiyur. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Jampuli Bharathiar Salai?

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

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained at Rs 2,500 per sq.ft until the 2024 revision, which increased it to Rs 2,700 per sq.ft. The overall change from 2012 to 2024 is an increase of 8%.

What are the stamp duty and registration fees for properties in Jampuli Bharathiar Salai?

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. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations for Jampuli Bharathiar Salai?

The Madhavaram Sub Registrar Office handles property registrations for Jampuli Bharathiar Salai. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification of Jampuli Bharathiar Salai?

Jampuli Bharathiar Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.