Guideline Value for Sasthiri Nagar 3rd Street

Sasthiri Nagar 3rd Street guideline value

The current guideline value of Sasthiri Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Jampuli village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Sasthiri Nagar 3rd Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. It then decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value significantly increased to Rs 2,500 per sq.ft in 2023, and further rose to Rs 2,700 per sq.ft in the 2024 revision, reflecting an increase of 8% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2012 to 2024, it has seen a rise of 8%.

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 guideline value for these streets is Rs 2,450 per sq.ft, placing Sasthiri Nagar 3rd Street above this median.

• Sasthiri Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthiri Nagar 3rd 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 cost to Rs 2,43,000. 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 Sasthiri Nagar 3rd Street?

The Sub Registrar Office that covers Sasthiri Nagar 3rd 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 critical factor when registering property transactions in Jampuli. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the correct revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sasthiri Nagar 3rd Street?

The current guideline value of Sasthiri Nagar 3rd 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 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and is currently Rs 2,700 per sq.ft in 2024.

What is the land classification for Sasthiri Nagar 3rd Street?

Sasthiri Nagar 3rd Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties here?

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.

Where can I find the Sub Registrar Office for Sasthiri Nagar 3rd Street?

The Sub Registrar Office for Sasthiri Nagar 3rd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.