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 Thailavaram village and falls 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 undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. In 2017, this value decreased to Rs 402 per sq.ft, marking a decline of 33%. The next revision in 2023 saw an increase to Rs 600 per sq.ft, and subsequently, the 2024 revision raised it to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. There are no recorded figures for Kambar Street in the revisions of 2002, 2003, and 2007.

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 for these streets is Rs 770 per sq.ft, indicating that Kambar Street's current guideline value is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. 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-21)?

Kambar Street (Ward-21) 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 Thailavaram

The guideline value is a crucial factor in property transactions in Thailavaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in the transaction. Understanding the guideline value helps in making informed decisions during property dealings in Thailavaram.

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 a notable increase of 49% from 2017 to 2023.

What is the classification of Kambar Street (Ward-21)?

Kambar Street (Ward-21) is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

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

How is the stamp duty calculated for properties in Kambar Street (Ward-21)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft incurs a stamp duty of Rs 46,200.