Guideline Value for KAMBAR STREET

Kambar Street guideline value

The current guideline value of Kambar Street in Kilkattalai village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Kambar Street has changed

Over the years, the guideline value for Kambar Street has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 revision where the value was Rs 1,206 per sq.ft. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision shows an increase to Rs 1,980 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Kambar Street. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, which means Kambar Street's 2024 figure is below that median.

• Kamaraj Nagar,Rajiv Gandhi Street: Rs 3,080 per sq.ft (2024)
• Kamaraj Nagar: Rs 3,080 per sq.ft (2024)
• Kalaivani Street: Rs 2,200 per sq.ft (2024)
• Kalaivani 1st To 3rdcross Street: Rs 1,980 per sq.ft (2024)
• Kasi Visalakshipuram: Rs 2,530 per sq.ft (2024)
• Kasi Visalatchi Puram: Rs 2,530 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration would be Rs 1,78,200. It is important to note that the 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 Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kilkattalai. It is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is referenced to determine the minimum price at which a property can be registered. This helps to maintain transparency in property transactions and ensures that buyers and sellers are aware of the official valuation of the property.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kambar Street has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, marking a 10% increase. It was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Class II Type - I, indicating its designation for residential use.

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

The Sub Registrar Office covering Kambar Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kambar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.