Guideline Value for Kalasathamman Koil Street

Kalasathamman Koil Street guideline value

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

How the guideline value of Kalasathamman Koil Street has changed

Over the years, the guideline value for Kalasathamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft. In 2017, it decreased to Rs 1,675 per sq.ft, marking a decline of 16%. However, the subsequent revisions brought significant increases, with the 2023 revision raising the value to Rs 2,500 per sq.ft, and the latest 2024 revision further increasing it to Rs 2,700 per sq.ft, which is an 8% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 35%. 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. The median value for these streets is Rs 2,450 per sq.ft, placing Kalasathamman Koil Street's 2024 figure above that median.

• J.K.B. Nagar: Rs 2,200 per sq.ft (2024)
• Jampuli Street: Rs 2,200 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Kalasathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It's important to note that the 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 Kalasathamman Koil Street?

The Sub Registrar Office that covers Kalasathamman Koil 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 crucial factor in the registration process when buying or selling property in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees payable to the government.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Kalasathamman Koil Street?

The current guideline value of Kalasathamman Koil 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 2,000 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 35% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Kalasathamman Koil Street?

The Madhavaram Sub Registrar Office handles registrations for Kalasathamman Koil Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the median guideline value for streets in Jampuli?

The median guideline value for the 118 streets in Jampuli under the Madhavaram SRO is Rs 2,450 per sq.ft, with Kalasathamman Koil Street's value being above this median.