Guideline Value for Jampuli New Colony 7th Street

Jampuli New Colony 7th Street guideline value

The current guideline value of Jampuli New Colony 7th 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 7th Street has changed

The guideline value for Jampuli New Colony 7th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, an increase of 6% from Rs 1,600 per sq.ft in 2023. Prior to that, the value was Rs 1,072 per sq.ft in 2017, reflecting a significant increase of 49% over six years. The 2012 revision also recorded a value of Rs 1,600 per sq.ft, which was a decrease of 33% from the previous figure in 2017.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 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 7th Street's 2024 figure is below this median.

• Jampuli New Colony 6th Street: Rs 1,700 per sq.ft (2024)
• Jampuli Street: Rs 2,200 per sq.ft (2024)
• Jampuli New Colony 5th Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 4th Street: Rs 1,700 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 7th 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, bringing the total to Rs 1,53,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jampuli New Colony 7th Street?

The Jampuli New Colony 7th Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Jampuli

The guideline value plays a crucial role in the registration process when buying or selling property in Jampuli. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jampuli New Colony 7th Street?

The current guideline value of Jampuli New Colony 7th 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. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012, showing a significant increase over the years.

What are the stamp duty rates for properties in Jampuli New Colony 7th Street?

The stamp duty for properties in Jampuli New Colony 7th Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jampuli New Colony 7th Street?

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

What is the land classification of Jampuli New Colony 7th Street?

Jampuli New Colony 7th Street is classified as Residential Class IV Type - I, which indicates its designation for residential purposes.