Guideline Value for Kambar Street (Venkateswara Nagar)

Kambar Street (Venkateswara Nagar) guideline value

The current guideline value of Kambar Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Kambar Street (Venkateswara Nagar) has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The value then rose sharply to Rs 1,500 per sq.ft in 2023, and most recently, it reached Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 220%. The revisions for the years 2002 and 2003 have no figures available for this street in the register.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values 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, indicating that Kambar Street (Venkateswara Nagar) is below this median value.

• Kambar Street (V.L.Puram): Rs 2,400 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 (Venkateswara Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street (Venkateswara Nagar)?

The Sub Registrar Office that covers Kambar Street (Venkateswara Nagar) is 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 an essential factor when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum value of a property, which helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures transparency and standardization in property transactions. It is crucial for both buyers and sellers to 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 (Venkateswara Nagar)?

The current guideline value of Kambar Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024. This represents an overall increase of 220% from the 2007 figure.

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

Kambar Street (Venkateswara Nagar) is classified as Residential Class II Type - I. This classification indicates the type of development allowed in this area.

Where can I find the Sub Registrar Office for Kambar Street (Venkateswara Nagar)?

The Sub Registrar Office for Kambar Street (Venkateswara Nagar) is the Ambattur Sub Registrar Office, 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 (Venkateswara Nagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.