Guideline Value for KAMBAR STREET 4TH WARD

Kambar Street 4th Ward guideline value

The current guideline value of Kambar Street 4th Ward in Pallikaranai village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kambar Street 4th Ward has changed

The guideline value for Kambar Street 4th Ward has seen a revision from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, marking a 10% increase. The register has no figure for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In the 2012 revision, the value was set at Rs 1,500 per sq.ft. The current 2024 revision reflects a significant adjustment, aligning with the median guideline value for Pallikaranai streets.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value of Kambar Street 4th Ward.

• Kambar Street: Rs 1,650 per sq.ft (2024)
• Kanchi Street Vgp Shanthi Nagar: Rs 2,750 per sq.ft (2024)
• Kamatchi Colony /Nagar: Rs 1,650 per sq.ft (2024)
• Kamatchiamman Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Kamatchiamman Nagar 4th Street: Rs 1,650 per sq.ft (2024)
• Kamatchiamman Nagar 3rd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street 4th Ward

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% amounts to Rs 1,15,500, and the registration fee at 2% is Rs 33,000, bringing the total to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Kambar Street 4th Ward?

The Sub Registrar Office that covers Kambar Street 4th Ward is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation that could affect government revenue. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Kambar Street 4th Ward?

The current guideline value of Kambar Street 4th Ward is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kambar Street 4th Ward increased from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting a 10% rise.

Which Sub Registrar Office covers Kambar Street 4th Ward?

Kambar Street 4th Ward is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What are the stamp duty and registration fees for a property in Kambar Street 4th Ward?

For a 1,000 sq.ft plot, the stamp duty is Rs 1,15,500, and the registration fee is Rs 33,000, totaling Rs 1,48,500.

Where can I find more information about the guideline values in Pallikaranai?

You can find detailed information about the guideline values of various streets in Pallikaranai through the Chennai South Joint I SRO's official resources.