Guideline Value for Kambar Street (J.B. Nagar)

Kambar Street (J.B. Nagar) guideline value

The current guideline value of Kambar Street (J.B. Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kambar Street (J.B. Nagar) has changed

The guideline value for Kambar Street (J.B. Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision. From 2017 to 2024, the value increased significantly by 63% to reach the current rate of Rs 2,400 per sq.ft. Overall, from 2012 to 2024, there has been a 9% increase.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for Kambar Street (J.B. Nagar). The changes in the guideline value reflect the adjustments made during the specified revision years.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO carrying a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the guideline value of Kambar Street (J.B. Nagar).

• Kambar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Kamatchi Nagar: Rs 2,200 per sq.ft (2024)
• Kamatchi 9th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 8th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 7th Cross Street: Rs 2,200 per sq.ft (2024)
• Kamatchi 6th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street (J.B. Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kambar Street (J.B. Nagar)?

The Sub Registrar Office that covers Kambar Street (J.B. Nagar) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property registration process.

When a property is sold, the sale price is compared with the guideline value. The higher of the two figures is used to calculate the applicable duties, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kambar Street (J.B. Nagar)?

The current guideline value of Kambar Street (J.B. Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then increased to Rs 2,400 per sq.ft in 2024.

What is the land classification of Kambar Street (J.B. Nagar)?

Kambar Street (J.B. Nagar) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Kambar Street (J.B. Nagar)?

The Sub Registrar Office for Kambar Street (J.B. Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties on Kambar Street (J.B. Nagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at 7%.