Guideline Value for KAMBAR STREET (P.R.S. NAGAR)

Kambar Street (P.R.S. Nagar) guideline value

The current guideline value of Kambar Street (P.R.S. Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Kambar Street (P.R.S. Nagar) has changed

The guideline value for Kambar Street (P.R.S. Nagar) has seen several revisions over the years. In 2002, the guideline value was Rs 409 per sq.ft, which increased to Rs 457 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, marking an increase of 119%. In 2012, the guideline value remained at Rs 3,500 per sq.ft, showing no figure for this street in the 2012 revision. The value then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The 2023 revision set the guideline value at Rs 3,500 per sq.ft, before the latest increase to Rs 3,900 per sq.ft in 2024, representing an 11% rise.

Overall, from 2002 to 2024, the guideline value has increased by 854%. The revisions have shown fluctuations, with the most significant increase occurring between 2007 and 2012, where the value rose by 250%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Kambar Street (P.R.S. Nagar) above this median.

• Kandasami Nagar: Rs 4,400 per sq.ft (2024)
• Kandasami Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Kandasami Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Kandasami Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Kandasami Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Kandasami Nagar 3rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street (P.R.S. Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kambar Street (P.R.S. Nagar)?

Kambar Street (P.R.S. Nagar) falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Palavakkam. It serves as the basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning.

When a property is sold, the guideline value helps determine the minimum value on which stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kambar Street (P.R.S. Nagar)?

The current guideline value of Kambar Street (P.R.S. Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 409 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 854% over this period.

What is the median guideline value in Palavakkam?

The median guideline value for streets in Palavakkam is Rs 3,300 per sq.ft, which means Kambar Street (P.R.S. Nagar) is above this median value.

What are the stamp duty and registration fees for properties in Kambar Street (P.R.S. Nagar)?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000. The stamp duty is Rs 2,73,000, and the registration fee is Rs 78,000, totaling Rs 3,51,000.

Which office handles registrations for Kambar Street (P.R.S. Nagar)?

The Neelankarai Sub Registrar Office handles registrations for Kambar Street (P.R.S. Nagar), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.