Guideline Value for Jampuli New Colony 5th Street

Jampuli New Colony 5th Street guideline value

The current guideline value of Jampuli New Colony 5th 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 is classified as Residential Class IV Type - I.

How the guideline value of Jampuli New Colony 5th Street has changed

The guideline value for Jampuli New Colony 5th Street has undergone several revisions over the years. The earliest available figure is from 2012, where it was Rs 1,600 per sq.ft. In 2017, the value decreased to Rs 1,072 per sq.ft, marking a decline of 33%. The value then rose significantly to Rs 1,600 per sq.ft in 2023, and further increased to Rs 1,700 per sq.ft in the 2024 revision, reflecting a change of 6%.

From 2012 to 2024, the overall change in the guideline value is an increase of 6%. The revision figures for the years 2002, 2003, and 2007 do not have any recorded values for this street.

Guideline values in Jampuli

In Jampuli village, there are 118 streets under the Madhavaram SRO that have 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. The guideline value of Jampuli New Colony 5th Street is below this median.

• Jampuli New Colony 4th Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 6th Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 3rd Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 7th Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 2nd Street: Rs 1,700 per sq.ft (2024)
• Jampuli Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jampuli New Colony 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value is Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to 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.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jampuli New Colony 5th Street?

The Sub Registrar Office that covers Jampuli New Colony 5th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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 reference for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jampuli New Colony 5th Street?

The current guideline value of Jampuli New Colony 5th 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, marking a 6% increase. The value was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for Jampuli New Colony 5th Street?

Jampuli New Colony 5th Street is classified as Residential Class IV Type - I. This classification is important for determining the guidelines and regulations applicable to properties in the area.

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 the registration of properties in the Jampuli area.

How is stamp duty calculated for properties in Jampuli?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,00,000, the stamp duty would be calculated at 7% of this amount.