Guideline Value for Kambar Nagar 5th Street

Kambar Nagar 5th Street guideline value

The current guideline value of Kambar Nagar 5th Street is Rs 3,300 per sq.ft. 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 5th Street has changed

In the 2007 revision, the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 200% rise. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,000 per sq.ft in the 2023 revision, and further increased to Rs 3,300 per sq.ft in the 2024 revision, representing a 10% increase.

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

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is the same as the current guideline value for Kambar Nagar 5th Street.

• Kambar Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Street Extension: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar 5th 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, bringing the total to 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 details.

Which Sub Registrar Office covers Kambar Nagar 5th Street?

Kambar Nagar 5th Street falls under 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 a crucial factor during property registration in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware of these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Kambar Nagar 5th Street?

The current guideline value of Kambar Nagar 5th Street is Rs 3,300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230%.

What is the stamp duty rate for properties in Kambar Nagar 5th Street?

The stamp duty rate for properties in Kambar Nagar 5th Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Kambar Nagar 5th Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011 handles registrations for Kambar Nagar 5th Street.

What is the land classification of Kambar Nagar 5th Street?

Kambar Nagar 5th Street is classified as Residential Class I Type - I.