Guideline Value for Kambar Nagar 3rd Cross Street

Kambar Nagar 3rd Cross Street guideline value

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

How the guideline value of Kambar Nagar 3rd Cross Street has changed

Over the years, the guideline value for Kambar Nagar 3rd Cross Street has seen significant changes. The earliest recorded figure is from 2007, where the value was Rs 700 per sq.ft. This increased dramatically 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, representing a 49% increase. 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.

The revisions for the years 2002 and 2003 do not have figures recorded for Kambar Nagar 3rd Cross 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 guideline value for 2024, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the current value of Kambar Nagar 3rd Cross Street.

• Kambar Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 4th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar 3rd 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 amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Nagar 3rd Cross Street?

The Kambar Nagar 3rd 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and helps in maintaining the integrity of property transactions within the region.

Frequently asked questions

What is the current guideline value of Kambar Nagar 3rd Cross Street?

The current guideline value of Kambar Nagar 3rd 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 changed significantly from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 371% over the years.

What is the land classification for Kambar Nagar 3rd Cross Street?

Kambar Nagar 3rd Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential properties.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles all registrations for properties in the area.

How is stamp duty calculated for properties in Kambar Nagar 3rd Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000.