Guideline Value for KAMBAR ST

Kambar St guideline value

The current guideline value of Kambar St in Mitnamalle village, under the Avadi SRO, is Rs 804 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kambar St has changed

The guideline value for Kambar St has undergone several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 400 per sq.ft. The most recent revision in 2024 saw a substantial rise of 101%, resulting in the current guideline value of Rs 804 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value for these streets is Rs 802 per sq.ft, indicating that Kambar St's 2024 guideline value is above this median.

• Karpagambal St: Rs 804 per sq.ft (2024)
• Kalathu Mettu St: Rs 802 per sq.ft (2024)
• High School St: Rs 804 per sq.ft (2024)
• Hava Nagar: Rs 802 per sq.ft (2024)
• Happy Garden: Rs 802 per sq.ft (2024)
• Guru Duwara St: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar St

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value would be Rs 8,04,000. The stamp duty at 7% would amount to Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total to Rs 72,360. It is essential 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 accurate calculations.

Which Sub Registrar Office covers Kambar St?

Kambar St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

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

Frequently asked questions

What is the current guideline value of Kambar St?

The current guideline value of Kambar St is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 804 per sq.ft in 2024.

What is the land classification for Kambar St?

The land classification for Kambar St is Residential Class II Type - II.

What are the stamp duty and registration fees for property in Kambar St?

The stamp duty for a property valued at Rs 8,04,000 would be Rs 56,280, and the registration fee would be Rs 16,080, totaling Rs 72,360.

Which office handles property registrations for Kambar St?

The Avadi Sub Registrar Office handles property registrations for Kambar St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.