Guideline Value for Kambar Nagar 7th Street

Kambar Nagar 7th Street guideline value

The current guideline value of Kambar Nagar 7th 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 7th Street has changed

In the 2007 revision, the guideline value was Rs 1,000 per sq.ft. This figure was then increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 200% increase. The value remained unchanged at Rs 3,000 per sq.ft during the 2023 revision, before rising to Rs 3,300 per sq.ft in the 2024 revision, which represents a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. It is important to note that there are no figures available for Kambar Nagar 7th Street in the 2017, 2003, and 2002 revisions.

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. The guideline value for Kambar Nagar 7th Street is equal to this median.

• Kambar Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Street Extension: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 9th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Kambar Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar 7th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Nagar 7th Street?

The Sub Registrar Office that covers Kambar Nagar 7th 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 crucial factor when registering property transactions in Kolathur. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, it is essential to ensure that the sale price is higher than the guideline value to avoid any complications during registration. The registration process will rely on the guideline value to assess the applicable charges.

Frequently asked questions

What is the current guideline value of Kambar Nagar 7th Street?

The current guideline value of Kambar Nagar 7th 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 this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 33,00,000, the stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office should I visit for Kambar Nagar 7th Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Kambar Nagar 7th Street.

What is the land classification for Kambar Nagar 7th Street?

Kambar Nagar 7th Street is classified as Residential Class I Type - I, indicating its designated use for residential purposes.