Guideline Value for Sasthiri Nagar 9th Street

Sasthiri Nagar 9th Street guideline value

The current guideline value of Sasthiri Nagar 9th 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 9th Street has changed

Over the years, the guideline value for Sasthiri Nagar 9th Street has undergone several revisions. The earliest available figure is from 2012, where it was set at Rs 2,500 per sq.ft. This value decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, it saw a significant increase to Rs 2,500 per sq.ft in 2023, followed by another rise to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. 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 with 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 9th Street's 2024 figure above that median.

• Sasthiri Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar Extension: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthiri Nagar 9th 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, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, these fees amount to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasthiri Nagar 9th Street?

The Sub Registrar Office that covers Sasthiri Nagar 9th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

When buying or selling property in Jampuli, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is appropriately recorded in the official register.

It is essential for buyers and sellers to be aware of the current guideline values, as they affect the overall cost of property transactions. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sasthiri Nagar 9th Street?

The current guideline value of Sasthiri Nagar 9th 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 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 for Sasthiri Nagar 9th Street?

Sasthiri Nagar 9th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000, with stamp duty at Rs 1,89,000 and a registration fee of Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for Sasthiri Nagar 9th Street?

The Madhavaram Sub Registrar Office handles property registrations for Sasthiri Nagar 9th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.