Guideline Value for Kambar Street(Lakshmi AmmanNagar)

Kambar Street(Lakshmi AmmanNagar) guideline value

The current guideline value of Kambar Street(Lakshmi AmmanNagar) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of Kambar Street(Lakshmi AmmanNagar) has changed

The guideline value for Kambar Street(Lakshmi AmmanNagar) has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, it dropped to Rs 1,139 per sq.ft in 2017, before rising again to Rs 1,700 per sq.ft in 2023, and finally reaching Rs 1,800 per sq.ft in the 2024 revision. The changes from 2012 to 2017 reflect a decrease of 33%, while the increase from 2017 to 2023 was 49%, and from 2023 to 2024 was 6%. Overall, from 2007 to 2024, the guideline value has increased by 260%.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. The progression of the guideline value showcases the fluctuations and adjustments made over the years.

Guideline values in Oragadam

In Oragadam, 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, with a median value of Rs 2,200 per sq.ft. Kambar Street(Lakshmi AmmanNagar) has a 2024 guideline value that is below this median.

• Kambar Street (chithorgadam Pudur): Rs 1,900 per sq.ft (2024)
• Kambar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Kambar Street(Bharthi Nagar): Rs 2,400 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(Lakshmi AmmanNagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street(Lakshmi AmmanNagar)?

The Sub Registrar Office that covers Kambar Street(Lakshmi AmmanNagar) 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 additional assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that both buyers and sellers are aware of the financial implications involved.

When a property is registered, the guideline value is used to calculate the total fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kambar Street(Lakshmi AmmanNagar)?

The current guideline value of Kambar Street(Lakshmi AmmanNagar) is Rs 1,800 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 1,800 per sq.ft in 2024, showing an overall increase of 260% over the years.

What is the land classification of Kambar Street(Lakshmi AmmanNagar)?

Kambar Street(Lakshmi AmmanNagar) is classified as Residential Class I Type - II.

Which office handles the registration for Kambar Street(Lakshmi AmmanNagar)?

The registration for Kambar Street(Lakshmi AmmanNagar) is handled by 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 Kambar Street(Lakshmi AmmanNagar)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,62,000.