Guideline Value for KAMBAR STREET (WARD-21)

Kambar Street (Ward-21) guideline value

The current guideline value of Kambar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Potheri village under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Kambar Street (Ward-21) has changed

The guideline value for Kambar Street (Ward-21) has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft. This was followed by a significant increase to Rs 600 per sq.ft in the 2023 revision, and then to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register has no figures for Kambar Street in the years 2002, 2003, and 2007.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Kambar Street's 2024 figure below this median.

• Kambar Street (Ward-20): Rs 1,100 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-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 further calculations.

Which Sub Registrar Office covers Kambar Street (Ward-21)?

Kambar Street (Ward-21) falls under 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 Potheri

The guideline value is a crucial factor during the registration of property transactions in Potheri. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that all transactions are conducted at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline values in the area.

Frequently asked questions

What is the current guideline value of Kambar Street (Ward-21)?

The current guideline value of Kambar Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with notable fluctuations in between, including a drop to Rs 402 per sq.ft in 2017 and a rise to Rs 600 per sq.ft in 2023.

What is the median guideline value in Potheri?

The median guideline value for streets in Potheri is Rs 770 per sq.ft, with Kambar Street's current value being below this median.

What are the stamp duty and registration fees for property in Kambar Street (Ward-21)?

The stamp duty for a property valued at Rs 6,60,000 would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Kambar Street (Ward-21)?

The Chengleput Joint II Sub Registrar Office handles registrations for Kambar Street (Ward-21), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.