Guideline Value for Kambar Nagar 3rd Street

Kambar Nagar 3rd Street guideline value

The current guideline value of Kambar Nagar 3rd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Adayalampattu village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - II.

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

The guideline value for Kambar Nagar 3rd Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure decreased significantly in the 2017 revision to Rs 1,005 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased to Rs 1,500 per sq.ft, and then further rose to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no registered figures for Kambar Nagar 3rd Street in the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Adayalampattu

Adayalampattu village has a total of 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 for these streets is Rs 2,420 per sq.ft, making Kambar Nagar 3rd Street's 2024 figure below that median.

• Kambar Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Kambar Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be 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, making the total cost for these fees Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kambar Nagar 3rd Street?

The Kambar Nagar 3rd Street is covered 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. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Adayalampattu. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during registration.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kambar Nagar 3rd Street is Rs 1,650 per sq.ft as of the 2024 revision, 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 to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in Adayalampattu?

Other streets in Adayalampattu include Kambar Nagar 1st Street and Kambar Nagar 2nd Street, both with a guideline value of Rs 1,650 per sq.ft in 2024, as well as Kings Avenue, Jaganatha Nagar, Kulakkarai Street, and Guru Brindavan Garden with higher values.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, 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.

Which Sub Registrar Office covers Kambar Nagar 3rd Street?

The Chennai South Joint II Sub Registrar Office covers Kambar Nagar 3rd Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.