Guideline Value for Kamban Street

Kamban Street guideline value

The current guideline value of Kamban Street in Pulikoradu village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Kamban Street has changed

The guideline value for Kamban Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value saw significant growth, reaching Rs 800 per sq.ft in 2023, and has now risen to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between 2007 and 2024, the overall increase in the guideline value is 193%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, making Kamban Street's 2024 figure equal to this median.

• Kalangal Street: Rs 880 per sq.ft (2024)
• Karunanidhi Nagar: Rs 880 per sq.ft (2024)
• Kasthuribai Nagar: Rs 1,100 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 per sq.ft (2024)
• Jain Avenue: Rs 2,200 per sq.ft (2024)
• Kunzhumedu Pulikoradu: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kamban Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% is Rs 61,600, and the registration fee at 2% is Rs 17,600, bringing the total to Rs 79,200. 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 assistance.

Which Sub Registrar Office covers Kamban Street?

Kamban Street falls under the Tambaram Joint 1 Sub Registrar Office located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Pulikoradu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at an official value recognized by the government.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kamban Street?

The current guideline value of Kamban Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the land classification for Kamban Street?

Kamban Street is classified as Residential Class II Type - III under the Tambaram Joint 1 SRO.

Where can I find the registration office for Kamban Street?

The registration office for Kamban Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kamban Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 880 per sq.ft, the total guideline value is Rs 8,80,000, leading to a stamp duty of Rs 61,600.