Guideline Value for Kambar Street, Annai Indira Nagar

Kambar Street, Annai Indira Nagar guideline value

The current guideline value of Kambar Street, Annai Indira Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of Kambar Street, Annai Indira Nagar has changed

The guideline value for Kambar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in the 2017 revision. However, the most recent revision in 2024 saw a significant increase to Rs 4,400 per sq.ft, marking a 64% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for Kambar Street, Annai Indira Nagar.

• Kambar Street (Dhandeeswaram Extn): Rs 4,950 per sq.ft (2024)
• Kambar Street: Rs 4,950 per sq.ft (2024)
• Kamatchi Nagar, Sri Nagar Colony: Rs 3,850 per sq.ft (2024)
• Kamatchi Nagar: Rs 3,300 per sq.ft (2024)
• Kamatchi Amman Street / Annai Indira Nagar: Rs 4,400 per sq.ft (2024)
• Kamatchi Amman Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street, Annai Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kambar Street, Annai Indira Nagar?

The Sub Registrar Office that covers Kambar Street, Annai Indira Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps both parties to understand the value of the property in the eyes of the law. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying for a property compared to its registered value.

Frequently asked questions

What is the current guideline value of Kambar Street, Annai Indira Nagar?

The current guideline value of Kambar Street, Annai Indira Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,400 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What are the stamp duty and registration fees for property in Kambar Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 44,00,000. The stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Kambar Street, Annai Indira Nagar?

The Velacheri Sub Registrar Office covers Kambar Street, Annai Indira Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification of Kambar Street, Annai Indira Nagar?

Kambar Street, Annai Indira Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.