Guideline Value for Kambar Nagar 6th Street

Kambar Nagar 6th Street guideline value

The current guideline value of Kambar Nagar 6th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Kambar Nagar 6th Street has changed

The guideline value for Kambar Nagar 6th Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, there was a decrease to Rs 2,010 per sq.ft in 2017. The value then rose significantly to Rs 3,000 per sq.ft in 2023 and is currently set at Rs 3,300 per sq.ft from the 2024 revision. The changes between these revisions include a 200% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

The register has no figures 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, with a median value of Rs 3,300 per sq.ft. Kambar Nagar 6th Street's 2024 guideline value matches this median.

• Kambar Nagar 5th Street Extension: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 7th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 9th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar 6th 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, while 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 guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Nagar 6th Street?

The Sub Registrar Office that covers Kambar Nagar 6th 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 a critical factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to accurately calculate their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kambar Nagar 6th Street?

The current guideline value of Kambar Nagar 6th 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, with various increases and one decrease in between. Notably, there was a 200% increase from 2007 to 2012 and a 49% increase from 2017 to 2023.

Where can I find the Sub Registrar Office for Kambar Nagar 6th Street?

The Sub Registrar Office for Kambar Nagar 6th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What are the stamp duty and registration fees for a property in Kambar Nagar 6th Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. The duty is charged on the higher of the guideline value or the sale price.

What is the median guideline value in Kolathur?

The median guideline value in Kolathur for 2024 is Rs 3,300 per sq.ft, which is the same as the guideline value for Kambar Nagar 6th Street.