Guideline Value for KAMBAR STREET

Kambar Street guideline value

The current guideline value of Kambar Street in Thandurai village, covered by the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Kambar Street has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure was reduced to Rs 603 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase of 49% in the 2023 revision, bringing it back up to Rs 900 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007. Overall, from the 2012 figure of Rs 900 per sq.ft to the current 2024 figure of Rs 988 per sq.ft, there has been a total increase of 10%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which aligns with the 2024 guideline value for Kambar Street.

• Kambar St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Kambar St Kakkanji Nagar: Rs 988 per sq.ft (2024)
• Kanaga Sababathy Nagar: Rs 800 per sq.ft (2024)
• Kandasamy 1st Street (East): Rs 988 per sq.ft (2024)
• Kandasamy 1st Street (West): Rs 988 per sq.ft (2024)
• Kandasamy 2nd St (East): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street

For a 1,000 sq.ft plot at the current rate of Rs 988 per sq.ft, the guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street?

The Kambar Street falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Thandurai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers often use this value as a benchmark to negotiate the sale price, ensuring that it aligns with the current market standards set by the registration department.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Kambar Street?

Kambar Street is classified under Residential Class II Type - I, which influences its guideline value and potential uses.

Where can I find the Sub Registrar Office for Kambar Street?

The Sub Registrar Office covering Kambar Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai.

How is stamp duty calculated for property in Kambar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 988 per sq.ft, the stamp duty would be Rs 69,160.