Guideline Value for Kambar Street Extension

Kambar Street Extension guideline value

The current guideline value of Kambar Street Extension is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Kambar Street Extension has changed

The guideline value for Kambar Street Extension has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. In 2023, the value increased to Rs 2,200 per sq.ft, and as of the 2024 revision, it stands at Rs 2,400 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The most recent change from 2023 to 2024 reflects a 9% increase. Overall, comparing the 2012 and 2024 values, there is a net increase of 9%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value across these streets is Rs 2,150 per sq.ft, making Kambar Street Extension's 2024 guideline value of Rs 2,400 per sq.ft above the median.

• Kambar Street: Rs 2,700 per sq.ft (2024)
• Kanagaraja Cross Street: Rs 4,750 per sq.ft (2024)
• Kambar Cross Street: Rs 2,400 per sq.ft (2024)
• Kanakaraja Nagar: Rs 1,300 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Kannaki Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, resulting in a total fee of Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street Extension?

The Kambar Street Extension falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, impacting the stamp duty and registration fees owed.

When a property is sold, the guideline value is used to calculate the applicable duties. Buyers should be aware that the registration office will assess the property based on this value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kambar Street Extension?

The current guideline value of Kambar Street Extension 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 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

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

Other streets in Rajakilpakkam include Kambar Street at Rs 2,700 per sq.ft, Kanagaraja Cross Street at Rs 4,750 per sq.ft, and Kambar Cross Street at Rs 2,400 per sq.ft, among others.

What is the stamp duty rate for properties in Kambar Street Extension?

The stamp duty rate for properties in Kambar Street Extension is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kambar Street Extension?

The Selaiyur Sub Registrar Office covers Kambar Street Extension, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.