Guideline Value for Jampuli New Colony 6th Street

Jampuli New Colony 6th Street guideline value

The current guideline value of Jampuli New Colony 6th 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 6th Street has changed

The guideline value for Jampuli New Colony 6th Street has undergone 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. Following this, the value increased significantly to Rs 1,600 per sq.ft in 2023, and further rose to Rs 1,700 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 6th Street's 2024 figure is below this median.

• Jampuli New Colony 5th Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 7th Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 4th Street: Rs 1,700 per sq.ft (2024)
• Jampuli Street: Rs 2,200 per sq.ft (2024)
• Jampuli New Colony 3rd Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 2nd Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jampuli New Colony 6th Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 1,53,000. 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 New Colony 6th Street?

The Sub Registrar Office that covers Jampuli New Colony 6th 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 is a critical factor when registering property transactions in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Jampuli New Colony 6th Street?

The current guideline value of Jampuli New Colony 6th 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 increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What are the other streets in Jampuli and their guideline values?

Other streets in Jampuli include Jampuli New Colony 5th Street, 7th Street, 4th Street, 3rd Street, and 2nd Street, all at Rs 1,700 per sq.ft, while Jampuli Street is at Rs 2,200 per sq.ft.

What is the stamp duty rate in Jampuli?

The stamp duty rate in Jampuli is 7% of the guideline value or sale price, whichever is higher. There is also a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for Jampuli?

The Sub Registrar Office for Jampuli is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.