Guideline Value for KAMBAR GARDEN

Kambar Garden guideline value

The current guideline value of Kambar Garden, located in Padappai village, is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Padappai Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Kambar Garden has changed

The guideline value for Kambar Garden has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no recorded figures for Kambar Garden in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft, with a median value of Rs 830 per sq.ft. The guideline value of Kambar Garden is above this median.

• Kambar Street: Rs 830 per sq.ft (2024)
• Kamarajar Street: Rs 660 per sq.ft (2024)
• Kattu Colony: Rs 830 per sq.ft (2024)
• Jkp Jayadev Avenue Phase - I & Phase - II: Rs 830 per sq.ft (2024)
• Keelpadappai Road: Rs 1,320 per sq.ft (2024)
• Kizhil Padappai (Periya Street): Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kambar Garden?

Kambar Garden is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Padappai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. This ensures compliance with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kambar Garden?

The current guideline value of Kambar Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2017 to 2023, and then increased to Rs 1,100 per sq.ft in 2024, marking a 10% increase.

What is the land classification of Kambar Garden?

Kambar Garden is classified as Residential Special Type - II under the Padappai SRO.

What are the stamp duty and registration fees for Kambar Garden?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 11,00,000, with a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.