Guideline Value for KAMBAN STREET

Kamban Street guideline value

The current guideline value of Kamban Street in Vengathur village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification and is registered with the Manavalanagar SRO.

How the guideline value of Kamban Street has changed

The guideline value for Kamban Street has seen several revisions over the years. In the 2007 revision, the value was Rs 125 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a 380% increase. However, the value dropped to Rs 402 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision maintained the value at Rs 600 per sq.ft, and this remains unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 380%.

Guideline values in Vengathur

In Vengathur village, there are 186 streets under the Manavalanagar SRO that have a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Kamban Street's 2024 guideline value of Rs 600 per sq.ft is below this median.

• K.A.Mathiazhagan Street: Rs 800 per sq.ft (2024)
• Kamaraj Street (Kabilar Nagar): Rs 1,300 per sq.ft (2024)
• Kamaraj Street: Rs 1,300 per sq.ft (2024)
• Kannaki Street: Rs 700 per sq.ft (2024)
• Kanniayamman Koil Street: Rs 1,300 per sq.ft (2024)
• Karikalan Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamban Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value is Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamban Street?

Kamban Street is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Vengathur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes, which is essential for legal and financial processes.

Frequently asked questions

What is the current guideline value of Kamban Street?

The current guideline value of Kamban Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and remained at Rs 600 per sq.ft in 2023 and 2024.

What is the land classification of Kamban Street?

Kamban Street is classified as Residential Class III Type - I according to the local land classification standards.

What are the stamp duty and registration fees for properties on Kamban Street?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles the registration for Kamban Street?

The registration for Kamban Street is handled by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.