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 Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - II.

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

Over the years, the guideline value for Kammbar Street has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft. However, this figure decreased to Rs 1,206 per sq.ft in the 2017 revision. The value then increased significantly to Rs 1,800 per sq.ft in the 2023 revision, showing a change of +49% from the 2017 figure. The most recent revision in 2024 has raised the guideline value to Rs 1,980 per sq.ft, marking a +10% increase from the previous year.

It is important to note that the register has no figures for Kammbar Street in the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Kammbar Street's 2024 figure above this median.

• Kannadasan 1st Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Kannadasan 2nd Cross Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Kannadasan 2nd Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Kannadasan 2nd Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Kannadasan 3rd Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Kannadasan 4th Street (Ward -7): Rs 1,321 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, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration would be Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

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

The Sub Registrar Office that covers Kammbar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Ninna Karai

The guideline value is a crucial factor during the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated based on a standardized value.

When a property is sold, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable duties and fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

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, which defines its use and development potential within the village.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are paid during the registration process.