Guideline Value for KAMALAMBAL STREET

Kamalambal Street guideline value

The current guideline value of Kamalambal Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kamalambal Street has changed

The guideline value for Kamalambal Street has seen several revisions over the years. In 2002, the value was Rs 353 per sq.ft, which increased to Rs 387 per sq.ft in 2003, marking a 10% rise. The value then rose by 29% to Rs 500 per sq.ft in 2007. Following this, the value experienced a significant jump of 300% to Rs 2,000 per sq.ft in 2012, which remained unchanged until 2023.

The 2023 revision maintained the value at Rs 2,000 per sq.ft, but in 2024, it increased by 10% to reach the current value of Rs 2,200 per sq.ft. Notably, there is no figure available for the year 2017 in the register for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Kamalambal Street's 2024 figure below that median.

• Kalyanapuram New Market Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram Main Road Ab Block: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 9th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 8th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 7th Street: Rs 1,600 per sq.ft (2024)
• Kalyanapuram C Block 6th Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamalambal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges together to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamalambal Street?

Kamalambal Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Perambur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which is a crucial aspect of the property transaction process.

Frequently asked questions

What is the current guideline value of Kamalambal Street?

The current guideline value of Kamalambal Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 353 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 523%.

What is the stamp duty rate for property in Kamalambal Street?

The stamp duty rate for property in Kamalambal Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the other guideline values in Perambur?

In Perambur, other streets have guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft, with Kamalambal Street's value being below the median of Rs 2,700 per sq.ft.