Guideline Value for Kambar Street (V.O.C. Nagar)

Kambar Street (V.O.C. Nagar) guideline value

The current guideline value of Kambar Street (V.O.C. Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Kambar Street (V.O.C. Nagar) has changed

The guideline value for Kambar Street (V.O.C. Nagar) has seen significant changes over the years. In 2002, the value was Rs 185 per sq.ft, which increased to Rs 210 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 360 per sq.ft in 2007, a substantial increase of 71%. By 2017, the guideline value had jumped to Rs 1,675 per sq.ft, reflecting a remarkable 365% increase from 2007. The 2023 revision set the value at Rs 2,500 per sq.ft, a 49% increase from 2017, and the current figure for 2024 is Rs 2,750 per sq.ft, representing a 10% rise from the previous year.

It is important to note that the register has no figure for Kambar Street (V.O.C. Nagar) for the year 2012. Overall, from 2002 to 2024, the guideline value has increased by 1386%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. Kambar Street (V.O.C. Nagar) is above this median value.

• Kambar Street ( Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)
• Kanakadass Street: Rs 1,760 per sq.ft (2024)
• Kanakadass Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Kanchi Munuswamy Street VOC Nagar: Rs 2,750 per sq.ft (2024)
• Kandaswami Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Kamaraj Street / Ponni Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street (V.O.C. Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kambar Street (V.O.C. Nagar)?

Kambar Street (V.O.C. Nagar) falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the buyer must ensure that the sale price is either equal to or greater than the guideline value, as the stamp duty is calculated based on the higher of the two values. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kambar Street (V.O.C. Nagar)?

The current guideline value of Kambar Street (V.O.C. Nagar) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 185 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 1386%.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Kambar Street (Muthamazhi Nagar) at Rs 2,475 per sq.ft, Kanakadass Street at Rs 1,760 per sq.ft, and Kanchi Munuswamy Street VOC Nagar at Rs 2,750 per sq.ft, among others.

What is the stamp duty rate for property in Kambar Street (V.O.C. Nagar)?

The stamp duty rate for property transactions in Kambar Street (V.O.C. Nagar) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kambar Street (V.O.C. Nagar)?

The Sub Registrar Office covering Kambar Street (V.O.C. Nagar) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.