Guideline Value for KAMBAR STREET

Kambar Street guideline value

The current guideline value of Kambar Street in SingaperumalKoil village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Kambar Street has changed

Over the years, the guideline value for Kambar Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 700% rise. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, which is a drop of 33%. The subsequent revision in 2023 maintained the value at Rs 800 per sq.ft, and the current revision for 2024 also remains at Rs 800 per sq.ft, showing no change from the previous year.

In summary, the guideline value has increased by 49% from 2017 to 2023 and has seen an overall increase of 700% from 2007 to 2024. It is important to note that the register has no figures for Kambar Street for the years 2002 and 2003.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Kambar Street's 2024 figure below this median.

• Kabilar Street: Rs 800 per sq.ft (2024)
• Kollamettu Street: Rs 1,100 per sq.ft (2024)
• Kulakarai Street: Rs 800 per sq.ft (2024)
• G.S.T. Road: Rs 2,000 per sq.ft (2024)
• Mandapam Street: Rs 1,100 per sq.ft (2024)
• Gengaiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in SingaperumalKoil. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is registered at a fair price as per local regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase occurring from Rs 100 per sq.ft in 2007 to Rs 800 per sq.ft in 2012. The value remained at Rs 800 per sq.ft from 2012 to 2024, except for a drop to Rs 536 per sq.ft in 2017.

What are the other street values in SingaperumalKoil?

Other streets in SingaperumalKoil have varying guideline values, ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value is Rs 8,00,000, leading to specific fees based on that amount.

Where can I find more information about the Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office covers Kambar Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the link provided to find your SRO.