Guideline Value for Kambar Nagar and the Streets & Cross Street

Kambar Nagar and the Streets & Cross Street guideline value

The current guideline value for Kambar Nagar and the Streets & Cross Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This area is located in Konnur village under the Konnur SRO and is classified as Residential Special Type - I.

How the guideline value of Kambar Nagar and the Streets & Cross Street has changed

The guideline value for Kambar Nagar and the Streets & Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 5,500 per sq.ft, which then changed to Rs 3,685 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 5,500 per sq.ft, marking a rise of 49%. The latest revision in 2024 brought the current guideline value to Rs 6,000 per sq.ft, representing a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 3,800 per sq.ft, placing Kambar Nagar and the Streets & Cross Street above this median at Rs 6,000 per sq.ft.

• Kambar Nagar Extension & Street: Rs 6,000 per sq.ft (2024)
• Kambar Street: Rs 6,000 per sq.ft (2024)
• Kammankinaru Street: Rs 3,800 per sq.ft (2024)
• Kamaraj Nagar and Ist Street and 2nd Street: Rs 3,800 per sq.ft (2024)
• Kamaraj Nagar: Rs 3,800 per sq.ft (2024)
• Karnan Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar and the Streets & Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total cost for these fees to Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Nagar and the Streets & Cross Street?

The Sub Registrar Office that covers Kambar Nagar and the Streets & Cross Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Konnur

The guideline value is a crucial factor when registering property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Kambar Nagar?

The current guideline value for Kambar Nagar and the Streets & Cross Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,000 per sq.ft in 2024.

What is the median guideline value for streets in Konnur?

The median guideline value for streets in Konnur is Rs 3,800 per sq.ft, while Kambar Nagar and the Streets & Cross Street are above this median at Rs 6,000 per sq.ft.

Where is the Sub Registrar Office for Kambar Nagar located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property in Kambar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 60,00,000 would incur a stamp duty of Rs 4,20,000.