Guideline Value for Kamban Street, Moovar Nagar

Kamban Street, Moovar Nagar guideline value

The current guideline value of Kamban Street, Moovar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Kamban Street, Moovar Nagar has changed

The guideline value for Kamban Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase of 10% from the 2023 figure of Rs 1,200 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall change from 2017 to 2024 shows a rise of 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the guideline value of Kamban Street.

• Kambar Street: Rs 1,320 per sq.ft (2024)
• Kandaswamy Nagar: Rs 1,320 per sq.ft (2024)
• Kamarajar Street Vinayaga Nagar: Rs 1,650 per sq.ft (2024)
• Kamarajar Street (6): Rs 1,320 per sq.ft (2024)
• Kamarajar Street (3): Rs 1,320 per sq.ft (2024)
• Kannadasan Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kamban Street, Moovar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamban Street, Moovar Nagar?

The Sub Registrar Office that covers Kamban Street, Moovar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. 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 to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is aligned with the prevailing market standards.

Frequently asked questions

What is the current guideline value of Kamban Street, Moovar Nagar?

The current guideline value of Kamban Street, Moovar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 64% over these years.

What is the role of the Pammal SRO?

The Pammal SRO is responsible for the registration of properties in the area, including Kamban Street, Moovar Nagar. It ensures that all transactions are documented and that the appropriate fees are collected based on the guideline values.

How is stamp duty calculated on properties in Pozhichalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator.