Guideline Value for KAMMBAR STREET (WARD -7)

Kammbar Street (Ward -7) guideline value

The current guideline value of Kammbar Street (Ward -7) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Kammbar Street (Ward -7) has changed

The guideline value for Kammbar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft. This was followed by a significant increase in the 2023 revision to Rs 1,800 per sq.ft, and finally, the current 2024 revision increased it further to Rs 1,980 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. Between 2017 and 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Kammbar Street's 2024 figure above this median.

• Kannadasan 1st Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Kannadasan 2nd Cross Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Kannadasan 2nd Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Kannadasan 2nd Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kannadasan 3rd Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kannadasan 4th Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kammbar Street (Ward -7)

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, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for a more accurate estimate.

Which Sub Registrar Office covers Kammbar Street (Ward -7)?

Kammbar Street (Ward -7) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kattankollatur, the guideline value is essential for determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

It is crucial for buyers and sellers to be aware of the guideline value, as it directly impacts the financial obligations associated with property transactions. This value is periodically revised, reflecting changes in the local real estate market and ensuring that property taxes remain aligned with current values.

Frequently asked questions

What is the current guideline value of Kammbar Street (Ward -7)?

The current guideline value of Kammbar Street (Ward -7) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Kammbar Street?

Kammbar Street is classified as Residential Special Type - II under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 1,78,200.

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

The Chengleput Joint II Sub Registrar Office covers Kammbar Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information online.