Guideline Value for KAMBAR ST

Kambar St guideline value

The current guideline value of Kambar St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as 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 850 per sq.ft. This figure decreased to Rs 569 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 850 per sq.ft, and the most recent revision in 2024 set the value at Rs 935 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for Kambar St in the revisions of 2002, 2003, and 2007. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current guideline value of Kambar St.

• Kannagi St: Rs 800 per sq.ft (2024)
• Kamaraj Nagar 1st Main Road: Rs 1,625 per sq.ft (2024)
• Kamarajar Street 2nd Cross: Rs 1,625 per sq.ft (2024)
• Kamarajar Street 1st Cross: Rs 1,625 per sq.ft (2024)
• Kamarajar Street: Rs 1,625 per sq.ft (2024)
• Kamarajar 7th Street: Rs 1,625 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 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty is calculated at 7%, which totals Rs 65,450, and the registration fee is 2%, amounting to Rs 18,700. Together, the total fees would be Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar St?

The Sub Registrar Office that covers Kambar St is 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 Vilingiyambakkam

The guideline value is a critical factor in property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is compliant with local regulations.

When registering a property, it is essential to consider the guideline value as it reflects the official valuation of the property. This value is set by the Registration Department and is subject to periodic revisions based on market conditions and other factors.

Frequently asked questions

What is the current guideline value of Kambar St?

The current guideline value of Kambar St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Kambar St?

Kambar St is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the registration office for Kambar St?

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

How is stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 84,150, including stamp duty and registration fees.