Guideline Value for KAMBAR STREET (WARD-20)

Kambar Street (Ward-20) guideline value

The current guideline value of Kambar Street (Ward-20) in Potheri village is Rs 1,100 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 - I.

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

The guideline value for Kambar Street (Ward-20) has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until 2017 when it decreased to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2012, then rose to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has increased the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Between the years, the changes in guideline value were notable. From 2017 to 2023, there was a 49% increase, while from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. It is important to note that there are no figures available for Kambar Street in the register for the years 2002, 2003, and 2007.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Kambar Street (Ward-20) above this 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 amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Potheri. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is officially recorded with the state.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Accurate knowledge of these values can help in making informed decisions during property transactions.

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 back 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, which indicates its suitability for residential purposes.

What are the stamp duty rates for properties in Kambar Street (Ward-20)?

The stamp duty for properties in Kambar Street (Ward-20) is charged at 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Kambar Street (Ward-20) located?

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