Guideline Value for Kambar Nagar Main Road

Kambar Nagar Main Road guideline value

The current guideline value of Kambar Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Kambar Nagar Main Road has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the guideline value was Rs 365 per sq.ft. It increased to Rs 400 per sq.ft in 2003, marking a 10% rise. The value then rose by 25% to Rs 500 per sq.ft in 2007. A substantial increase of 300% brought the value to Rs 2,000 per sq.ft in 2012. However, the value dropped by 33% to Rs 1,340 per sq.ft in 2017. Following this, the guideline value increased by 49% to Rs 2,000 per sq.ft in 2023, and finally, it rose by 10% to Rs 2,200 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 503%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. Kambar Nagar Main Road's 2024 figure is below this median.

• Kambar Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kambar Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kambar Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatch Nagar 4th Main Road: Rs 3,600 per sq.ft (2024)
• Kamatch Nagar 4th Cross Street: Rs 4,950 per sq.ft (2024)
• Kamatch Nagar 3rd Main Road: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kambar Nagar Main Road?

The Kambar Nagar Main Road is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the official valuation set by the government. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Kambar Nagar Main Road?

The current guideline value of Kambar Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 365 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking a total increase of 503% over the years.

What is the land classification for Kambar Nagar Main Road?

Kambar Nagar Main Road is classified as Residential Class V Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kambar Nagar Main Road?

The Sub Registrar Office for Kambar Nagar Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How do I calculate the stamp duty and registration fees?

The stamp duty and registration fees can be calculated based on the guideline value. For example, a plot of 1,000 sq.ft at Rs 2,200 per sq.ft would incur a total fee of Rs 1,98,000, which includes stamp duty and registration fees.