Guideline Value for Jampuli Street

Jampuli Street guideline value

The current guideline value of Jampuli Street in Jampuli village, under the Madhavaram SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Jampuli Street has changed

Over the years, the guideline value of Jampuli Street has seen several revisions. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase from Rs 2,000 per sq.ft in 2023, reflecting a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft, marking a significant increase of 49% from the 2017 figure to the 2023 figure. The 2012 revision had set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 figure.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. It is important to note that there are no registered figures for Jampuli Street in the years 2002, 2003, and 2007.

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. The median guideline value for these streets is Rs 2,450 per sq.ft, placing Jampuli Street's 2024 figure below the median.

• Jampuli New Colony 7th Street: Rs 1,700 per sq.ft (2024)
• Jampuli New Colony 6th Street: Rs 1,700 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jampuli Street?

The Sub Registrar Office covering Jampuli 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 a crucial factor when registering property transactions in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the necessary fees, ensuring that both parties adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Jampuli Street?

The current guideline value of Jampuli Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, with various revisions in between. The most recent increase was a 10% rise from Rs 2,000 per sq.ft in 2023.

What is the land classification of Jampuli Street?

Jampuli Street is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Jampuli Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for Jampuli Street and surrounding areas.