Guideline Value for Kambar Nagar 4th Street

Kambar Nagar 4th Street guideline value

The current guideline value of Kambar Nagar 4th 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 Street has changed

The guideline value for Kambar Nagar 4th Street has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% increase. However, it then decreased to Rs 2,010 per sq.ft in 2017, reflecting a 33% drop. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, and most recently, it has risen to Rs 3,300 per sq.ft in the 2024 revision, representing a 10% increase.

There are no figures available in the register for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

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 guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Kambar Nagar 4th Street.

• Kambar Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Street Extension: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 6th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar 4th 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 at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost 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 accurate calculations.

Which Sub Registrar Office covers Kambar Nagar 4th Street?

The Sub Registrar Office that covers Kambar Nagar 4th Street is 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 crucial when buying or selling property in Kolathur, as it determines the minimum value at which a property can be registered. Buyers must pay stamp duty and registration fees based on this value, ensuring that the transaction is officially recognized by the government.

It is essential for both buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Understanding this value helps in making informed decisions during property dealings.

Frequently asked questions

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

The current guideline value of Kambar Nagar 4th 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 from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the land classification of Kambar Nagar 4th Street?

Kambar Nagar 4th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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 registrations for properties in the Kolathur area.

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

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