Guideline Value for Kambar Street (M.G.R.Nagar )

Kambar Street (M.G.R.Nagar ) guideline value

The current guideline value of Kambar Street (M.G.R.Nagar) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Kambar Street (M.G.R.Nagar ) has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 3,300 per sq.ft, marking a 10% rise from the previous year. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

The register has no figures for the years 2002, 2003, 2007, and 2017 concerning Kambar Street (M.G.R.Nagar). Therefore, the only revisions with figures are from 2012, 2023, and 2024.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Kambar Street (M.G.R.Nagar) below this median.

• Kambar Street (Thiru Nagar): Rs 4,900 per sq.ft (2024)
• Kambar Street Block 85 (JPT): Rs 4,900 per sq.ft (2024)
• Kanagasabai 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 4th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street (M.G.R.Nagar )

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. Please note that the 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 further calculations.

Which Sub Registrar Office covers Kambar Street (M.G.R.Nagar )?

The Sub Registrar Office that covers Kambar Street (M.G.R.Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs involved in the transaction. It is important for both parties to be aware of the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Kambar Street (M.G.R.Nagar)?

The current guideline value of Kambar Street (M.G.R.Nagar) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% rise. The value remained unchanged at Rs 3,000 per sq.ft in the 2023 revision.

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam have varying guideline values, with rates ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft.

What are the stamp duty and registration fees for properties in Kambar Street (M.G.R.Nagar)?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Kambar Street (M.G.R.Nagar)?

The Ashok Nagar Sub Registrar Office handles the registration for Kambar Street (M.G.R.Nagar), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.