Guideline Value for Kambar 1st cross Street"

Kambar 1st cross Street guideline value

The current guideline value of Kambar 1st cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kambar 1st cross Street has changed

The guideline value for Kambar 1st cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no registered figures for Kambar 1st cross Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Kambar 1st cross Street's 2024 figure is below this median.

• Kambar 2st cross Street: Rs 1,320 per sq.ft (2024)
• Kambar Street: Rs 1,320 per sq.ft (2024)
• Kanagambaram Street: Rs 1,320 per sq.ft (2024)
• Kannadasan Cross street: Rs 1,100 per sq.ft (2024)
• Kannadasan Street: Rs 1,100 per sq.ft (2024)
• Kamarajar Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar 1st cross Street

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 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kambar 1st cross Street?

The Kambar 1st cross Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, within the 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 Peerklankaranai

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, buyers and sellers must consider the guideline value as it affects the stamp duty and registration fees. This ensures that all transactions comply with legal requirements and reflect the appropriate value of the property.

Frequently asked questions

What is the current guideline value of Kambar 1st cross Street?

The current guideline value of Kambar 1st cross Street 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 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Kambar 1st cross Street?

The land classification for Kambar 1st cross Street is Residential Class I Type - III.

What are the registration fees for a property in Kambar 1st cross Street?

The registration fees for a property in Kambar 1st cross Street include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kambar 1st cross Street?

The Tambaram Joint 1 Sub Registrar Office covers Kambar 1st cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.