Guideline Value for KAMBAR STREET

Kambar Street guideline value

The current guideline value of Kambar Street in Thiruvanmiyur village is Rs 11,000 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Special Type - II.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen several revisions over the years. In 2002, the value was Rs 1,572 per sq.ft, which increased to Rs 1,739 per sq.ft in 2003, marking a change of +11%. By 2007, the value surged to Rs 2,200 per sq.ft, reflecting a significant increase of +27%. The 2012 revision saw the value rise to Rs 10,000 per sq.ft, a remarkable jump of +355%. However, in 2017, it decreased to Rs 6,700 per sq.ft, a decline of -33%. The value then increased to Rs 10,000 per sq.ft in 2023, before reaching the current rate of Rs 11,000 per sq.ft in 2024, which is a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +600%. Notably, there are no figures available for the years not mentioned in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Kambar Street's 2024 figure above this median.

• Kamaraj Road / Salai: Rs 11,000 per sq.ft (2024)
• Kamaraj Nagar West Avenue: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar South Avenue 12th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar South Avenue 10th East Street: Rs 9,900 per sq.ft (2024)
• Kamaraj Nagar South Avenue: Rs 12,660 per sq.ft (2024)
• Kamaraj Nagar Scheme: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Kambar Street?

Kambar Street 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvanmiyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,572 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, showing a significant overall increase of +600% over the years.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Special Type - II under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for properties on Kambar Street?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which Sub Registrar Office covers Kambar Street?

Kambar Street 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.