Guideline Value for KAMBAR STREET

Kambar Street guideline value

The current guideline value of Kambar Street in Ponneri village, under the Ponneri SRO, is Rs 700 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 2023 revision, the guideline value for Kambar Street was Rs 300 per sq.ft. The recent 2024 revision has increased this amount to Rs 700 per sq.ft, representing a significant change of +133% between the two revisions. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

To summarize, Kambar Street's guideline value has seen an increase from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024. This increase aligns with the median guideline value for other streets in Ponneri under the Ponneri SRO, which also stands at Rs 700 per sq.ft for 2024.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO, with guideline values ranging from Rs 201 to Rs 1,200 per sq.ft. Kambar Street's 2024 figure of Rs 700 per sq.ft is equal to the median value of these streets.

• Kannaiah Nagar: Rs 700 per sq.ft (2024)
• Kamala Nagar: Rs 900 per sq.ft (2024)
• Karhtick Nagar: Rs 700 per sq.ft (2024)
• Jayam Vip City Phase II: Rs 900 per sq.ft (2024)
• Jayam Nagar: Rs 700 per sq.ft (2024)
• Krishnaswami Mudali Street: Rs 1,200 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these charges to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Ponneri. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to prevent underreporting of property prices. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 700 per sq.ft, effective from 1 July 2024.

How much was the guideline value in 2023?

In 2023, the guideline value for Kambar Street was Rs 300 per sq.ft.

What is the land classification for Kambar Street?

Kambar Street is classified under Residential Class II Type - I land classification.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the 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 example, for a property valued at Rs 7,00,000, the stamp duty would amount to Rs 49,000.