Guideline Value for KAMBAR STREET

Kambar Street guideline value

The current guideline value of Kambar Street in Vengaivasal village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is 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. In 2012, the value was Rs 2,000 per sq.ft. However, this figure dropped to Rs 1,340 per sq.ft in the 2017 revision. The subsequent revision in 2023 saw a significant increase to Rs 2,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for Kambar Street in the years 2002, 2003, and 2007.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, making Kambar Street's 2024 figure below that median.

• J C V Avenue: Rs 2,700 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 2,700 per sq.ft (2024)
• Kulakarai street: Rs 3,300 per sq.ft (2024)
• Ishwaryam Garden: Rs 2,700 per sq.ft (2024)
• Kumaran Nagar: Rs 3,300 per sq.ft (2024)
• Indira Nagar Extentsion: Rs 3,700 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Kambar Street?

The Sub Registrar Office that covers Kambar Street is 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 Vengaivasal

The guideline value plays a crucial role when buying or selling property in Vengaivasal. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the authorities will assess the property based on the guideline value to ensure that the correct amount of stamp duty is collected. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Kambar Street?

Kambar Street is classified as Residential Class I Type - II, according to the Selaiyur SRO guidelines.

What are the other streets in Vengaivasal and their guideline values?

Other streets in Vengaivasal include J C V Avenue, Jayalakshmi Nagar, Kulakarai street, Ishwaryam Garden, Kumaran Nagar, and Indira Nagar Extentsion, with guideline values ranging from Rs 2,700 to Rs 3,700 per sq.ft for 2024.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.