Guideline Value for Kambar Nagar 2nd Street

Kambar Nagar 2nd Street guideline value

The current guideline value of Kambar Nagar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Adayalampattu village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kambar Nagar 2nd Street has changed

The guideline value for Kambar Nagar 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. However, the value increased significantly to Rs 1,500 per sq.ft in 2023, followed by a further rise to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Adayalampattu

In Adayalampattu, there are 19 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 3,850 per sq.ft. The median guideline value in this area is Rs 2,420 per sq.ft, placing Kambar Nagar 2nd Street's 2024 figure below that median.

• Kambar Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Kambar Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• Kings Avenue: Rs 2,420 per sq.ft (2024)
• Jaganatha Nagar: Rs 2,420 per sq.ft (2024)
• Kulakkarai Street: Rs 2,420 per sq.ft (2024)
• Guru Brindavan Garden: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value is Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please 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 details.

Which Sub Registrar Office covers Kambar Nagar 2nd Street?

Kambar Nagar 2nd Street falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Adayalampattu. It is used to determine the stamp duty and registration fees that need to be paid when registering a property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling a property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in maintaining a standard valuation for properties across the region, which is essential for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Kambar Nagar 2nd Street?

The current guideline value of Kambar Nagar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the median guideline value in Adayalampattu?

The median guideline value in Adayalampattu is Rs 2,420 per sq.ft, which is higher than the current value of Kambar Nagar 2nd Street.

What are the stamp duty and registration fees for a property in Kambar Nagar 2nd Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Kambar Nagar 2nd Street?

The registration for Kambar Nagar 2nd Street is handled by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.