Guideline Value for Kambar Nagar 1st Cross Street

Kambar Nagar 1st Cross Street guideline value

The current guideline value of Kambar Nagar 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Kambar Nagar 1st Cross Street has changed

The guideline value for Kambar Nagar 1st Cross Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 329%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 371%.

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 the same as the current guideline value for Kambar Nagar 1st Cross Street.

• Kambar Nagar 11th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 10th 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 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kambar Nagar 1st Cross Street?

The Kambar Nagar 1st Cross Street falls under the jurisdiction of 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 is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

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

The current guideline value of Kambar Nagar 1st Cross 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 seen various revisions, increasing from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 371% over the years.

What are the stamp duty and registration fees for property in Kambar Nagar 1st Cross Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Kambar Nagar 1st Cross Street?

The Sembiam Sub Registrar Office covers Kambar Nagar 1st Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification of Kambar Nagar 1st Cross Street?

Kambar Nagar 1st Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.