Guideline Value

Corporate

Guideline Value for Jampuli New Colony 3rd Street

₹1700/sq.ft.

The guideline value for Jampuli New Colony 3rd Street in Jampuli village (Madhavaram SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Jampuli

Village

Madhavaram

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jampuli New Colony 3rd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Jampuli New Colony 3rd Street guideline value

The current guideline value of Jampuli New Colony 3rd Street is Rs 1,700 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 IV Type - I land classification.

How the guideline value of Jampuli New Colony 3rd Street has changed

The guideline value for Jampuli New Colony 3rd Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 1,600 per sq.ft. The latest revision in 2024 shows a further increase to Rs 1,700 per sq.ft, marking a 6% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024, there has been a slight 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. The median value among these streets is Rs 2,450 per sq.ft, indicating that the 2024 guideline value for Jampuli New Colony 3rd Street is below this median.

Stamp duty and registration fee for property in Jampuli New Colony 3rd 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 at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, resulting in a total of 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 use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Jampuli New Colony 3rd Street?

The Sub Registrar Office that covers Jampuli New Colony 3rd 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 Jampuli

The guideline value plays a crucial role during the registration of property transactions in Jampuli. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable fees and taxes. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Jampuli New Colony 3rd Street?

The current guideline value of Jampuli New Colony 3rd 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 2023 to Rs 1,700 per sq.ft in 2024, a 6% increase. It was Rs 1,072 per sq.ft in 2017, showing a 49% increase from then to 2023.

What is the registration fee for a property in Jampuli New Colony 3rd Street?

The registration fee for a property is 2% of the guideline value. For a property valued at Rs 17,00,000, the registration fee would be Rs 34,000.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for Jampuli New Colony 3rd Street.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, ensuring that the appropriate stamp duty and registration fees are collected. It is crucial for both buyers and sellers to understand this value when engaging in property transactions.