Guideline Value for KAMBAR STREET (WARD-20)

Kambar Street (Ward-20) guideline value

The current guideline value of Kambar Street (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kambar Street (Ward-20) has changed

Over the years, the guideline value of Kambar Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and finally rose to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but the value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konathi

In Konathi village, there are a total of 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,500 per sq.ft. The median value for these streets is Rs 770 per sq.ft, making Kambar Street's 2024 figure of Rs 1,100 per sq.ft above the median.

• Kambar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kamatchi Nagar (Val): Rs 880 per sq.ft (2024)
• Kamarajar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kannagi Street (Ward-21): Rs 660 per sq.ft (2024)
• Kannammal Street Narasimman Nagar (Ward -21): Rs 880 per sq.ft (2024)
• Kalaivani Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street (Ward-20)?

Kambar Street (Ward-20) 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 Konathi

The guideline value is a crucial factor when registering property transactions in Konathi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs involved in the transaction. Buyers should always refer to the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kambar Street (Ward-20)?

The current guideline value of Kambar Street (Ward-20) 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Kambar Street (Ward-20)?

Kambar Street (Ward-20) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Kambar Street (Ward-20)?

The Chengleput Joint II Sub Registrar Office covers Kambar Street (Ward-20) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Kambar Street (Ward-20)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.