Guideline Value for Jampuli Street

Jampuli Street guideline value

The current guideline value of Jampuli Street in Kodungaiyur village, under the Madhavaram SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Jampuli Street has changed

The guideline value for Jampuli Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. In the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the current value of Jampuli Street.

• Jampuli Bharathi Street: Rs 2,700 per sq.ft (2024)
• Jampuli Bharathiar Salai: Rs 2,700 per sq.ft (2024)
• Jawahar 1st Lane: Rs 2,700 per sq.ft (2024)
• Jawahar 2nd Lane: Rs 2,700 per sq.ft (2024)
• Jawahar Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Indira Street: Rs 2,200 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the 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 Street?

The Madhavaram Sub Registrar Office covers Jampuli Street, 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 Kodungaiyur

The guideline value is an essential factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jampuli Street?

The current guideline value of Jampuli Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,500 in 2023, and then increased to Rs 2,700 in 2024. This represents an overall increase of 8% from 2012 to 2024.

What are the other streets with the same guideline value in Kodungaiyur?

Other streets in Kodungaiyur with the same guideline value of Rs 2,700 per sq.ft include Jampuli Bharathi Street, Jampuli Bharathiar Salai, Jawahar 1st Lane, Jawahar 2nd Lane, and Jawahar Street (Krishnamoorthy Nagar).

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 properties in the area.

How is stamp duty calculated for properties in Jampuli Street?

Stamp duty for properties in Jampuli Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.