Guideline Value for Jampuli New Colony 1st Street

Jampuli New Colony 1st Street guideline value

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

How the guideline value of Jampuli New Colony 1st Street has changed

Over the years, the guideline value of Jampuli New Colony 1st Street has seen several revisions. The earliest recorded figure is from 2012, when the value was Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017, marking a -33% change. In 2023, the value increased to Rs 1,600 per sq.ft, and the latest revision in 2024 set the value at Rs 1,700 per sq.ft, reflecting a +6% change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of +6%.

Guideline values in Jampuli

In Jampuli village, 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, with a median value of Rs 2,450 per sq.ft. Jampuli New Colony 1st Street's current guideline value is below this median.

• Jampuli Nagar: Rs 2,200 per sq.ft (2024)
• Jampuli New Colony 2nd Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 3rd Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 4th Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 5th Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 6th Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jampuli New Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty, charged at 7%, would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jampuli New Colony 1st Street?

The Sub Registrar Office that covers Jampuli New Colony 1st 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 a crucial factor when registering property in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a buyer or seller engages in a property transaction, the guideline value is referenced to ensure that the correct fees are calculated based on the higher value between the guideline and the sale price. This ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Jampuli New Colony 1st Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Jampuli New Colony 1st Street?

The Madhavaram Sub Registrar Office handles registrations for Jampuli New Colony 1st Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Jampuli New Colony 1st Street?

Jampuli New Colony 1st Street is classified as Residential Class IV Type - I.