Guideline Value for Kambar Street, Chennai 82

Kambar Street, Chennai 82 guideline value

The current guideline value of Kambar Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kambar Street, Chennai 82 has changed

The guideline value for Kambar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is an increase of 10% from the previous year.

There are no figures recorded in the register for Kambar Street for the years 2002 and 2003. The overall change from 2007 to 2024 reflects an increase of 267% in the guideline value.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which means Kambar Street's current value is below that median.

• Kamaraj Street (GKM Colony) Chennai 82: Rs 4,400 per sq.ft (2024)
• Kamaraj Street (Block no 11): Rs 3,300 per sq.ft (2024)
• Kamaraj nagar: Rs 3,300 per sq.ft (2024)
• Kariamanicka PerumalKoil lane: Rs 4,400 per sq.ft (2024)
• Kariamanicka PerumalKoil Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street, Chennai 82

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 for stamp duty and registration fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Kambar Street, Chennai 82?

The Sub Registrar Office that covers Kambar Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When you register a property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and helps in maintaining a standard for property transactions in the region.

Frequently asked questions

What is the current guideline value of Kambar Street, Chennai 82?

The current guideline value of Kambar Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over this period.

What is the median guideline value of streets in Ayanavaram?

The median guideline value of streets in Ayanavaram is Rs 4,900 per sq.ft, which is higher than the current value of Kambar Street.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Where is the Sub Registrar Office for Kambar Street, Chennai 82 located?

The Sub Registrar Office for Kambar Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.