Guideline Value for Kambar Street Block 85 (JPT)

Kambar Street Block 85 (JPT) guideline value

The current guideline value of Kambar Street Block 85 (JPT) is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Kambar Street Block 85 (JPT) has changed

Since the 2007 revision, the guideline value for Kambar Street Block 85 (JPT) has seen significant changes. In 2007, the guideline value was Rs 1,210 per sq.ft, which increased to Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 raised the guideline value to Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 305%. Notably, the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

Kodambakkam village features a total of 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value of Kambar Street Block 85 (JPT).

• Kambar Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Kambar Street (Thiru Nagar): Rs 4,900 per sq.ft (2024)
• Kanagasabai 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 4th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street Block 85 (JPT)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, resulting in a total of Rs 4,41,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street Block 85 (JPT)?

The Sub Registrar Office that covers Kambar Street Block 85 (JPT) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value can influence negotiations and pricing strategies. Buyers should be aware of the guideline value to ensure they are making informed decisions based on official valuations.

Frequently asked questions

What is the current guideline value of Kambar Street Block 85 (JPT)?

The current guideline value of Kambar Street Block 85 (JPT) is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,210 per sq.ft to Rs 4,900 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, with a rise of 272%.

What is the land classification for Kambar Street Block 85 (JPT)?

Kambar Street Block 85 (JPT) is classified as Residential Class III Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kambar Street Block 85 (JPT)?

The Ashok Nagar Sub Registrar Office, which covers Kambar Street Block 85 (JPT), is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Kambar Street Block 85 (JPT)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 49,00,000 would incur a stamp duty of Rs 3,43,000.