Guideline Value for Kambar Nagar 4th Cross Street

Kambar Nagar 4th Cross Street guideline value

The current guideline value of Kambar Nagar 4th 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, and is classified as Residential Class I Type - I.

How the guideline value of Kambar Nagar 4th Cross Street has changed

The guideline value for Kambar Nagar 4th Cross Street has seen several revisions over the years. In 2007, the value was set at Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 329% rise. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 has brought the guideline value back up to Rs 3,300 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that there are no recorded figures for Kambar Nagar 4th Cross Street in the years 2023, 2003, and 2002. 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 have a 2024 guideline value 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 2024 figure for Kambar Nagar 4th Cross Street.

• Kambar Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Street Extension: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar 4th 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.

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

Which Sub Registrar Office covers Kambar Nagar 4th Cross Street?

Kambar Nagar 4th 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 an essential factor in the registration process of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the value of the property in the context of local market standards. This value is used to calculate the applicable taxes and fees during the registration of the property.

Frequently asked questions

What is the current guideline value of Kambar Nagar 4th Cross Street?

The current guideline value of Kambar Nagar 4th 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, marking an overall increase of 371% over the years.

What is the land classification for Kambar Nagar 4th Cross Street?

Kambar Nagar 4th Cross Street is classified as Residential Class I Type - I.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kambar Nagar 4th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 2,31,000.