Guideline Value for Kambar Nagar

Kambar Nagar guideline value

The current guideline value of Kambar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Maathoor village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Kambar Nagar has changed

The guideline value for Kambar Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 30 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2012 revision, marking a remarkable rise of 1233%. However, by the 2017 revision, the value decreased to Rs 268 per sq.ft, which was a decline of 33%. The guideline value remained at Rs 400 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

Notably, there are no figures available for the years 2002 and 2003 in the register for Kambar Nagar. Overall, from 2007 to 2024, the guideline value has increased by 1233%.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value for these streets is Rs 500 per sq.ft, indicating that Kambar Nagar's 2024 figure is below this median.

• Kambar Street: Rs 500 per sq.ft (2024)
• Kalaivani Street: Rs 500 per sq.ft (2024)
• Kabilar Street: Rs 500 per sq.ft (2024)
• Kattabomman street: Rs 500 per sq.ft (2024)
• K.G.V Nagar: Rs 250 per sq.ft (2024)
• Indhira Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Nagar?

Kambar Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Maathoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable charges, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kambar Nagar?

The current guideline value of Kambar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 30 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, decreasing to Rs 268 per sq.ft in 2017, and remaining at Rs 400 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Maathoor?

Other streets in Maathoor have varying guideline values. For example, Kambar Street, Kalaivani Street, Kabilar Street, and Kattabomman street are all valued at Rs 500 per sq.ft in 2024, while K.G.V Nagar and Indhira Nagar are valued at Rs 250 per sq.ft.

What is the stamp duty for property in Kambar Nagar?

The stamp duty for property in Kambar Nagar is 7% of the guideline value. For a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 28,000.

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

The Sub Registrar Office for Kambar Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.