Guideline Value for KAMBAR STREET

Kambar Street guideline value

The current guideline value of Kambar Street in Chitthalapakkam village is Rs 1,950 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class II Type - II.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,950 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 30%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Kambar Street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft, with a median value of Rs 2,900 per sq.ft. Kambar Street's 2024 guideline value is below this median.

• Kamaraj Street: Rs 1,950 per sq.ft (2024)
• Kamaraj Nagar: Rs 2,400 per sq.ft (2024)
• Kamaraj Avenue: Rs 2,700 per sq.ft (2024)
• Kanni Koil Street: Rs 2,900 per sq.ft (2024)
• Kalaingar Street: Rs 1,950 per sq.ft (2024)
• Kakanji Street: Rs 1,950 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 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total cost for stamp duty and registration fees to Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Chitthalapakkam

The guideline value is a critical factor in the registration process when buying or selling property in Chitthalapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,950 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the median guideline value in Chitthalapakkam?

The median guideline value in Chitthalapakkam is Rs 2,900 per sq.ft, with Kambar Street's value being below this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,75,500.

Which office handles the registration for Kambar Street?

The Selaiyur Sub Registrar Office handles the registration for Kambar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.