Guideline Value for KAMBAR STREET (WARD-20)

Kambar Street (Ward-20) guideline value

The current guideline value of Kambar Street (Ward-20) in Vallancheri 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 2012, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to 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 for Kambar Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 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 guideline value in the village is Rs 825 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 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 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 the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our 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 information.

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

The guideline value is a crucial factor when buying or selling property in Vallancheri, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer and seller must adhere to the guideline value set by the local authorities. This ensures transparency and fairness in property transactions, as it reflects the official valuation of the property based on its location and classification.

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 of Kambar Street (Ward-20)?

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

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

The stamp duty for properties in Kambar Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office should I contact for Kambar Street (Ward-20)?

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