Guideline Value for KAMBAR STREET

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 500 per sq.ft. This figure remained the same in the 2012 revision. In the 2017 revision, it decreased to Rs 335 per sq.ft, marking a 33% drop. The value then increased significantly to Rs 500 per sq.ft in the 2023 revision, followed by a further increase to Rs 550 per sq.ft in the 2024 revision, which is a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the current 2024 revision, there has been a 10% increase. The register has no figures for Kambar Street for the years 2002, 2003, and 2007.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 3,300 per sq.ft, with a median value of Rs 660 per sq.ft. Kambar Street's 2024 figure of Rs 550 per sq.ft is below this median.

• Kamatchi Ambal Nagar: Rs 660 per sq.ft (2024)
• Kamaraj Avenue: Rs 550 per sq.ft (2024)
• Kannagi Street: Rs 550 per sq.ft (2024)
• Kasthuri Nagar: Rs 1,474 per sq.ft (2024)
• Kothari Nagar Phase - 3: Rs 550 per sq.ft (2024)
• Kothari Nagar Phase - I: Rs 550 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty, charged at 7%, would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kambar Street?

Kambar Street falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When a property is sold, the guideline value helps in assessing the minimum price at which the property should be registered. This ensures transparency and compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 550 per sq.ft in 2024, with various revisions in between, including a drop to Rs 335 per sq.ft in 2017 and an increase to Rs 500 per sq.ft in 2023.

What is the registration fee for property in Kambar Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 5,50,000, the registration fee would be Rs 11,000.

Which office handles property registrations for Kambar Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Kambar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Thirukkachur - 1?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 5,50,000, the stamp duty would be Rs 38,500.