Guideline Value for Kambar Street ( Muthamazhi Nagar)

Kambar Street ( Muthamazhi Nagar) guideline value

The current guideline value of Kambar Street ( Muthamazhi Nagar) is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kambar Street ( Muthamazhi Nagar) has changed

The guideline value of Kambar Street has seen significant changes over the years. In 2002, the value was Rs 242 per sq.ft, which increased to Rs 274 per sq.ft in 2003, marking a 13% rise. By 2007, the value had jumped to Rs 360 per sq.ft, reflecting a 31% increase. The 2017 revision recorded a substantial rise to Rs 1,507 per sq.ft, a 319% increase from 2007. The 2023 revision further increased the value to Rs 2,250 per sq.ft, which was a 49% rise from 2017. The most recent revision in 2024 set the value at Rs 2,475 per sq.ft, a 10% increase from the previous year.

There is no figure available for Kambar Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by an impressive 923%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Kambar Street ( Muthamazhi Nagar) above this median.

• Kambar Street (V.O.C. Nagar): Rs 2,750 per sq.ft (2024)
• Kanakadass Street: Rs 1,760 per sq.ft (2024)
• Kanakadass Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Kanchi Munuswamy Street VOC Nagar: Rs 2,750 per sq.ft (2024)
• Kandaswami Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Kamaraj Street / Ponni Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street ( Muthamazhi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, while the registration fee at 2% would be Rs 49,500. Together, these fees total Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kambar Street ( Muthamazhi Nagar)?

The Sub Registrar Office that covers Kambar Street ( Muthamazhi Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Pammal. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions, and it also provides a reference point for buyers and sellers to understand the value of the property in the local market.

Frequently asked questions

What is the current guideline value of Kambar Street ( Muthamazhi Nagar)?

The current guideline value of Kambar Street ( Muthamazhi Nagar) is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 242 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, an overall increase of 923% over the years.

What are the stamp duty and registration fees for property in Kambar Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750 based on the current guideline value.

Which registration office covers Kambar Street?

Kambar Street ( Muthamazhi Nagar) falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, with Kambar Street ( Muthamazhi Nagar) being above this median at Rs 2,475 per sq.ft.