Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Tharamani village, under the Adayar SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - I.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has undergone several revisions since 2002. In 2002, the guideline value was Rs 159 per sq.ft, which increased to Rs 300 per sq.ft in 2003, marking an increase of 89%. The value continued to rise significantly, reaching Rs 1,000 per sq.ft in 2007, a 233% increase from the previous revision. By 2012, the value was Rs 2,500 per sq.ft, reflecting a 150% increase from 2007, but then it decreased by 33% to Rs 1,675 per sq.ft in 2017.

The most recent revisions show a steady increase. In 2023, the guideline value was Rs 2,500 per sq.ft, which saw a rise of 12% to Rs 2,800 per sq.ft in 2024. Overall, from 2002 to 2024, Kambar Street's guideline value has increased by 1661%.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value is Rs 2,800 per sq.ft, which is the same as Kambar Street's 2024 figure.

• Kamarajar Street: Rs 2,800 per sq.ft (2024)
• Karumariamman koil Street: Rs 2,200 per sq.ft (2024)
• Kalaingar Street: Rs 2,800 per sq.ft (2024)
• Janda Street: Rs 2,800 per sq.ft (2024)
• Indira Gandhi Street: Rs 2,800 per sq.ft (2024)
• Govindu Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value is Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street?

The Sub Registrar Office that covers Kambar Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tharamani. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The guideline value is set by the government and is based on various factors, including location and land classification.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 159 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, showing a significant overall increase of 1661%.

What is the stamp duty rate for properties in Kambar Street?

The stamp duty rate for properties in Kambar Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the other streets in Tharamani with similar guideline values?

Other streets in Tharamani with similar guideline values include Kamarajar Street, Kalaingar Street, Janda Street, Indira Gandhi Street, and Govindu Street, all at Rs 2,800 per sq.ft for 2024.