Guideline Value for Kambar Street(Bharthi Nagar)

Kambar Street(Bharthi Nagar) guideline value

The current guideline value of Kambar Street(Bharthi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under the Residential Special Type - I land classification.

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

The guideline value for Kambar Street(Bharthi Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision. The value then increased significantly to Rs 2,200 per sq.ft in the 2023 revision, and it further rose to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, 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, placing Kambar Street(Bharthi Nagar) above this median.

• Kambar Street (chithorgadam Pudur): Rs 1,900 per sq.ft (2024)
• Kambar Street (Lakshmi AmmanNagar): Rs 1,800 per sq.ft (2024)
• Kambar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Kambar Street (V.L.Puram): 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(Bharthi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total charges Rs 2,16,000. Duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Kambar Street(Bharthi Nagar) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps establish the minimum value for which the property can be registered. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kambar Street(Bharthi Nagar)?

The current guideline value of Kambar Street(Bharthi Nagar) 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 seen various revisions, with the most recent increase being from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%.

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

Kambar Street(Bharthi Nagar) falls under the Residential Special Type - I land classification, indicating its suitability for residential development.

Where can I find the registration office for Kambar Street(Bharthi Nagar)?

The registration office for Kambar Street(Bharthi 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 stamp duty calculated for properties in Oragadam?

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 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.