Guideline Value for Kambar Street (V.L.Puram)

Kambar Street (V.L.Puram) guideline value

The current guideline value of Kambar Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - I.

How the guideline value of Kambar Street (V.L.Puram) has changed

Over the years, the guideline value for Kambar Street (V.L.Puram) has seen several revisions. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase from Rs 2,200 per sq.ft in the 2023 revision, marking a 9% rise. Prior to that, the 2017 revision recorded a value of Rs 1,474 per sq.ft, which was a significant increase of 49% from the previous 2012 revision value of Rs 2,200 per sq.ft. The 2012 revision saw a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Kambar Street (V.L.Puram). Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Kambar Street (V.L.Puram) above this median at Rs 2,400 per sq.ft.

• Kambar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Kambar Street (Lakshmi Amman Nagar): Rs 1,800 per sq.ft (2024)
• Kambar Street (chithorgadam Pudur): Rs 1,900 per sq.ft (2024)
• Kambar Street (Bharthi Nagar): Rs 2,400 per sq.ft (2024)
• Kamatchi Street: Rs 1,800 per sq.ft (2024)
• Kandhasamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street (V.L.Puram)

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 fees together 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street (V.L.Puram)?

Kambar Street (V.L.Puram) falls under the jurisdiction of 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 details.

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

The guideline value is a crucial factor when buying or selling property in Oragadam, as it determines the amount of stamp duty and registration fees payable during the transaction. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Additionally, the guideline value serves as a benchmark for property transactions, ensuring that both buyers and sellers have a clear understanding of the property's worth according to government standards. This helps in maintaining transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Kambar Street (V.L.Puram)?

The current guideline value of Kambar Street (V.L.Puram) 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 2023 to Rs 2,400 per sq.ft in 2024. It was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012.

What is the land classification for Kambar Street (V.L.Puram)?

Kambar Street (V.L.Puram) is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in Kambar Street (V.L.Puram)?

For a 1,000 sq.ft plot valued at Rs 24,00,000, the stamp duty is Rs 1,68,000 and the registration fee is Rs 48,000, totaling Rs 2,16,000.

Which office handles registrations for Kambar Street (V.L.Puram)?

The Ambattur Sub Registrar Office handles registrations for Kambar Street (V.L.Puram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.