Guideline Value for Kambar Avenue

Kambar Avenue guideline value

The current guideline value of Kambar Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Arambakkam village under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Kambar Avenue has changed

Over the years, the guideline value for Kambar Avenue has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 160 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a rise of 275%. However, between 2012 and 2017, the value decreased to Rs 402 per sq.ft, a decline of 33%. The subsequent revision in 2023 maintained the value at Rs 600 per sq.ft, which remained unchanged in the 2024 revision as well.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2007 figure to the current value in 2024, there has been a substantial increase of 275% in the guideline value.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft, with the median being Rs 600 per sq.ft. Kambar Avenue's guideline value aligns perfectly with this median.

• Karpaga Vinayagar Nagar: Rs 600 per sq.ft (2024)
• Lakshmi Nagar: Rs 600 per sq.ft (2024)
• Madha Kovil Theru: Rs 800 per sq.ft (2024)
• Ganapathipuram: Rs 800 per sq.ft (2024)
• Dr. Radhakrishnan Nagar: Rs 600 per sq.ft (2024)
• Dr. Radha Krishnan Extension: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total cost for these fees Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kambar Avenue?

Kambar Avenue falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Arambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and legality in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kambar Avenue?

The current guideline value of Kambar Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and remained at Rs 600 per sq.ft in 2023 and 2024.

What is the land classification of Kambar Avenue?

Kambar Avenue is classified as Residential Special Type - I, indicating its suitability for residential developments.

What are the stamp duty and registration fees for a property in Kambar Avenue?

The stamp duty is calculated at 7% and the registration fee at 2% of the guideline value. For a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.

Which office handles registrations for Kambar Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Kambar Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.