Guideline Value for Kambar Street (Senthil Nagar)

Kambar Street (Senthil Nagar) guideline value

The current guideline value of Kambar Street (Senthil Nagar) is Rs 2,700 per sq.ft. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

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

The guideline value for Kambar Street (Senthil Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,500 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 for Kambar Street (Senthil Nagar). Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Kambar Street (Senthil Nagar) above this median at Rs 2,700 per sq.ft.

• Kambar Street (J.B. Nagar): Rs 2,400 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 (Senthil Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 (Senthil Nagar)?

Kambar Street (Senthil Nagar) is covered by the Ambattur Sub Registrar Office, located at 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 plays a crucial role during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction adheres to the regulations set forth by the Registration Department. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Kambar Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. It increased from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, which is a 49% rise.

What is the land classification for Kambar Street (Senthil Nagar)?

Kambar Street (Senthil Nagar) is classified as Residential Special Type - II, indicating its designation for residential purposes within the area.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office 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 in Kambar Street (Senthil Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 27,00,000, the stamp duty at 7% amounts to Rs 1,89,000.