Guideline Value for Sasthiri Nagar 6th Street

Sasthiri Nagar 6th Street guideline value

The current guideline value of Sasthiri Nagar 6th 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 is classified as Residential Class I Type - I.

How the guideline value of Sasthiri Nagar 6th Street has changed

Over the years, the guideline value for Sasthiri Nagar 6th Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then further to Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. When looking at the overall change from 2012 to 2024, there has been an 8% increase. 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, with a median value of Rs 2,450 per sq.ft. The guideline value for Sasthiri Nagar 6th Street is above this median.

• Sasthiri Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 9th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthiri Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value, the calculation is as follows: guideline value Rs 27,00,000; stamp duty at 7% Rs 1,89,000; registration fee at 2% Rs 54,000; together Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasthiri Nagar 6th Street?

The Madhavaram Sub Registrar Office covers Sasthiri Nagar 6th Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Jampuli

The guideline value is a crucial factor during property registration in Jampuli. It serves as a benchmark for determining the value of the property for stamp duty and registration fees, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps in assessing the official value of the property, which is used to calculate the necessary fees. This ensures transparency in property transactions and helps maintain a standardized approach across the region.

Frequently asked questions

What is the current guideline value of Sasthiri Nagar 6th Street?

The current guideline value of Sasthiri Nagar 6th 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 finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Sasthiri Nagar 6th Street?

Sasthiri Nagar 6th Street is classified as Residential Class I Type - I.

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

Other streets in Jampuli that share the same guideline value of Rs 2,700 per sq.ft include Sasthiri Nagar 5th Street, 7th Street, 4th Street, 8th Street, 3rd Street, and 9th Street.

Where can I find the Madhavaram Sub Registrar Office?

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