Guideline Value for Kambar Nagar 10th Street

Kambar Nagar 10th Street guideline value

The current guideline value of Kambar Nagar 10th Street is Rs 3,300 per sq.ft. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kambar Nagar 10th Street has changed

Over the years, the guideline value of Kambar Nagar 10th Street has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision. However, the value dropped to Rs 2,010 per sq.ft in 2017. The 2023 revision raised it to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

The changes between these revisions reflect a notable increase overall. From 2007 to 2012, there was a remarkable increase of 200%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, a 10% increase from 2023 to 2024 has brought the current value to Rs 3,300 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the guideline value of Kambar Nagar 10th Street.

• Kambar Nagar 11th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Nagar 10th Street?

The Kambar Nagar 10th Street falls under the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kolathur. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The fees are based on the guideline value or the actual sale price, whichever is higher.

When selling a property, the guideline value helps establish a legal framework for the transaction, ensuring that both parties are aware of the applicable fees and taxes. It is essential for buyers and sellers to understand the guideline value to navigate the registration process effectively.

Frequently asked questions

What is the current guideline value of Kambar Nagar 10th Street?

The current guideline value of Kambar Nagar 10th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What are the stamp duty and registration fees for properties in Kambar Nagar 10th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 2,97,000, based on the current guideline value.

Which Sub Registrar Office covers Kambar Nagar 10th Street?

Kambar Nagar 10th Street is covered by the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification of Kambar Nagar 10th Street?

Kambar Nagar 10th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.