Guideline Value for Kambar Street (Dhandeeswaram Extn)

Kambar Street (Dhandeeswaram Extn) guideline value

The current guideline value of Kambar Street (Dhandeeswaram Extn) is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kambar Street (Dhandeeswaram Extn) has changed

Over the years, the guideline value of Kambar Street has seen several revisions. The earliest recorded revision was in 2007, with a guideline value of Rs 1,500 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% increase. However, in 2017, the guideline value decreased to Rs 3,015 per sq.ft, a decline of 33%. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, reflecting a substantial increase of 64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 230%.

It is important to note that there are no registered figures for Kambar Street for the years 2023, 2003, and 2002.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft as of 2024. The median guideline value is Rs 4,400 per sq.ft, positioning Kambar Street's 2024 value above this median.

• Kambar Street, Annai Indira Nagar: Rs 4,400 per sq.ft (2024)
• Kambar Street: Rs 4,950 per sq.ft (2024)
• Kamatchi Nagar, Sri Nagar Colony: Rs 3,850 per sq.ft (2024)
• Kamatchi Nagar: Rs 3,300 per sq.ft (2024)
• Kamatchi Amman Street / Annai Indira Nagar: Rs 4,400 per sq.ft (2024)
• Kamatchi Amman Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street (Dhandeeswaram Extn)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street (Dhandeeswaram Extn)?

Kambar Street (Dhandeeswaram Extn) falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Velachery. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, reflecting the prevailing market conditions.

Frequently asked questions

What is the current guideline value of Kambar Street (Dhandeeswaram Extn)?

The current guideline value of Kambar Street (Dhandeeswaram Extn) is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, which is a total increase of 230% over the years.

What are the other streets in Velachery with guideline values?

Other streets in Velachery have varying guideline values, with Kambar Street (Dhandeeswaram Extn) at Rs 4,950 per sq.ft, while Kambar Street, Annai Indira Nagar is at Rs 4,400 per sq.ft, and Kamatchi Nagar at Rs 3,300 per sq.ft.

What is the stamp duty for property in Kambar Street?

The stamp duty for property in Kambar Street is 7% of the guideline value. For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500.

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

The Sub Registrar Office covering Kambar Street (Dhandeeswaram Extn) is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.