Guideline Value for Kamalam Nagar Kambar Street

Kamalam Nagar Kambar Street guideline value

The current guideline value of Kamalam Nagar Kambar Street is Rs 2,400 per sq.ft. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kamalam Nagar Kambar Street has changed

The guideline value for Kamalam Nagar Kambar Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the revision from 2012 to 2017 saw a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 9%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets listed under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which matches the current value for Kamalam Nagar Kambar Street.

• Kamalam Nagar Vanchinathan Street: Rs 2,400 per sq.ft (2024)
• Kamalam Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Kamalam Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Kamalam Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Kamalam Nagar 1St Street: Rs 2,400 per sq.ft (2024)
• Kamalam Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kamalam Nagar Kambar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamalam Nagar Kambar Street?

The Sub Registrar Office that covers Kamalam Nagar Kambar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more details.

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

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

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kamalam Nagar Kambar Street?

The current guideline value of Kamalam Nagar Kambar Street is Rs 2,400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for Kamalam Nagar Kambar Street?

The land classification for Kamalam Nagar Kambar Street is Residential Class I Type - I.

What are the other streets in Thirumullaivoyal with the same guideline value?

Other streets in Thirumullaivoyal that share the same guideline value of Rs 2,400 per sq.ft include Kamalam Nagar Vanchinathan Street, Kamalam Nagar 4th Street, Kamalam Nagar 3rd Street, Kamalam Nagar 2nd Street, Kamalam Nagar 1St Street, and Kamalam Nagar.

Where is the Sub Registrar Office for Kamalam Nagar Kambar Street located?

The Sub Registrar Office for Kamalam Nagar Kambar Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.