Guideline Value for KAMBAR STREET (WARD-20)

Kambar Street (Ward-20) guideline value

The current guideline value for Kambar Street (Ward-20) in Thailavaram 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 has undergone several revisions over the years. In the 2012 revision, the value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for Kambar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram village, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 770 per sq.ft, placing Kambar Street's 2024 figure above this median.

• Kambar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kamatchi Nagar (Val): Rs 881 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 881 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, while the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and 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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor during the registration process when buying or selling property in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the guideline value helps establish a fair price for the transaction, which is crucial for both the buyer and seller. It ensures transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value for 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 seen several revisions, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, a change of 10%. Overall, from 2012 to 2024, the value has increased by 10%.

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

Kambar Street (Ward-20) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What is the median guideline value in Thailavaram?

The median guideline value for streets in Thailavaram is Rs 770 per sq.ft, with Kambar Street's value of Rs 1,100 per sq.ft being above this median.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.