Guideline Value for Kambar Street (Ramapuram)

Kambar Street (Ramapuram) guideline value

The current guideline value of Kambar Street (Ramapuram) is Rs 5,100 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Kambar Street (Ramapuram) has changed

The guideline value for Kambar Street (Ramapuram) has seen several revisions over the years. The 2012 revision set the value at Rs 4,700 per sq.ft, which then decreased to Rs 3,149 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,700 per sq.ft in the 2023 revision, and currently stands at Rs 5,100 per sq.ft as per the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From the 2012 to 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 9% in the guideline value.

Guideline values in Ambattur

A total of 448 streets in Ambattur under the Ambattur SRO have a guideline value for 2024, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Kambar Street (Ramapuram) is above this median value.

• Kamrajapuram Health workers Kudirrupu: Rs 1,800 per sq.ft (2024)
• Kannaia chetty Street: Rs 4,600 per sq.ft (2024)
• Kamarajapuram V.O.C. Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Vanchi Nagar: Rs 1,800 per sq.ft (2024)
• Kapilar Street: Rs 3,600 per sq.ft (2024)
• Kamarajapuram T.V.K Street: Rs 1,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 5,100 per sq.ft, the guideline value amounts to Rs 51,00,000. The stamp duty at 7% would be Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, totaling Rs 4,59,000. 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 Street (Ramapuram)?

The Sub Registrar Office that covers Kambar Street (Ramapuram) is located at Ambattur Sub Registrar Office, 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 Ambattur

The guideline value plays a crucial role in the registration process of property transactions in Ambattur. It is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in accordance with government regulations. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

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

The current guideline value of Kambar Street (Ramapuram) is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2012 to Rs 3,149 per sq.ft in 2017, then increased to Rs 4,700 per sq.ft in 2023, and currently stands at Rs 5,100 per sq.ft in 2024.

What is the land classification for Kambar Street (Ramapuram)?

Kambar Street (Ramapuram) is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties in Kambar Street (Ramapuram)?

For a property valued at Rs 51,00,000, the stamp duty would be Rs 3,57,000 and the registration fee would be Rs 1,02,000, totaling Rs 4,59,000.

Which office handles the registration for Kambar Street (Ramapuram)?

The registration for Kambar Street (Ramapuram) is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.