Guideline Value for Jampuli Street

Jampuli Street guideline value

The current guideline value of Jampuli Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

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 1,500 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was revised to Rs 1,500 per sq.ft, and then increased to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 7%.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for Jampuli Street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with a 2024 guideline value range from Rs 1,300 to Rs 7,500 per sq.ft. The median value is Rs 1,600 per sq.ft, which is the same as the current guideline value for Jampuli Street.

• Janaki Ram Nagar: Rs 1,300 per sq.ft (2024)
• Jangiri Shop Road ( Ward No.12 ): Rs 1,300 per sq.ft (2024)
• Jaya Garden: Rs 1,600 per sq.ft (2024)
• Jayalakshmi Complex / Garden: Rs 2,200 per sq.ft (2024)
• Jayalakshmi Garden 1st Cross St (Ward-03): Rs 2,200 per sq.ft (2024)
• Jayalakshmi Garden 1st st ( Ward No.3 ): 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total charges Rs 1,44,000. 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 Sub Registrar Office that covers Jampuli 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 Madhavaram

The guideline value is a crucial factor in the registration process of property transactions in Madhavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the appropriate charges are applied during the sale or purchase of property.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and helps in avoiding undervaluation during property transactions.

Frequently asked questions

What is the current guideline value of Jampuli Street?

The current guideline value of Jampuli Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jampuli Street has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification of Jampuli Street?

Jampuli Street is classified as Residential Class II Type - I under the Madhavaram SRO.

Where can I find the Madhavaram Sub Registrar Office?

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

How is stamp duty calculated for properties in Jampuli Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000, leading to a stamp duty of Rs 1,12,000.