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 Panangottur village under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

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

Over the years, the guideline value of Kammbar Street has seen several revisions. The earliest available revision is from 2012, where the value was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017, marking a drop of 33%. In 2023, the value increased significantly to Rs 1,800 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Kammbar Street. The overall change from the 2012 revision to the 2024 revision shows a 10% increase, highlighting the fluctuations in the guideline value over the years.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, positioning Kammbar Street's 2024 guideline value 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, 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 essential 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 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 Panangottur

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable fees. This means that even if the sale price is lower than the guideline value, the fees will still be based on the guideline value, ensuring compliance with the regulations set by the Registration Department.

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 back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

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

Other streets in Panangottur include Kannadasan 1st Street, Kannadasan 2nd Cross Street, Kannadasan 2nd Street, Kannadasan 2nd Street (Ward -8), Kannadasan 3rd Street (Ward -8), and Kannadasan 4th Street, all of which have a guideline value of Rs 1,320 per sq.ft in 2024.

What is the registration office for Kammbar Street (Ward -7)?

The registration office for Kammbar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Kammbar Street (Ward -7)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,38,600.