Guideline Value for Kambar Street Extn

Kambar Street Extn guideline value

The current guideline value of Kambar Street Extn is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kambar Street Extn has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged at Rs 700 per sq.ft in the 2023 revision and continues to be Rs 700 per sq.ft in the 2024 revision, reflecting a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From the 2023 to 2024 revision, the guideline value did not change, maintaining a consistent rate of Rs 700 per sq.ft. This stability indicates that the value for Kambar Street Extn has remained aligned with the median value for other streets in the area.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value among these streets is Rs 700 per sq.ft, which is equal to the guideline value of Kambar Street Extn.

• Kammala Street: Rs 700 per sq.ft (2024)
• Kambar Street: Rs 700 per sq.ft (2024)
• Kaliyoor Rangasamy Nagar: Rs 700 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 700 per sq.ft (2024)
• Kasthuri Nagar: Rs 1,200 per sq.ft (2024)
• Katchiapattu Middle Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost for these fees Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street Extn?

The Sub Registrar Office that covers Kambar Street Extn is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the established values set by the Registration Department.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This process ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kambar Street Extn?

The current guideline value of Kambar Street Extn is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kambar Street Extn has remained at Rs 700 per sq.ft since the 2023 revision. It increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and 2024.

What is the median guideline value in Sriperumbudur A?

The median guideline value in Sriperumbudur A is Rs 700 per sq.ft, which is the same as the guideline value for Kambar Street Extn.

What fees are associated with buying property in Kambar Street Extn?

When buying property in Kambar Street Extn, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Kambar Street Extn is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.