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 Vallancheri village and falls under the Chengleput Joint II SRO. The land classification for this area is 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. In the 2012 revision, the value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. The 2023 revision saw an increase to Rs 600 per sq.ft, and the current 2024 revision has further increased it to Rs 660 per sq.ft, marking a 10% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for Kambar Street in the revisions from 2002, 2003, and 2007. The significant changes between the revisions include a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with guideline values 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 below that 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 amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, 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 Vallancheri

The guideline value is a crucial factor during the registration process when buying or selling property in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

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 various revisions in between. Notably, it decreased to Rs 402 per sq.ft in 2017 before rising again.

What is the median guideline value in Vallancheri?

The median guideline value in Vallancheri is Rs 825 per sq.ft, with Kambar Street's 2024 figure being below this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 6,60,000. The stamp duty 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.