Guideline Value for Kambar Street

Kambar Street guideline value

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

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 257% rise. However, in 2017, it decreased to Rs 1,675 per sq.ft, reflecting a 33% drop. The value then rose to Rs 2,500 per sq.ft in 2023, a 49% increase, and finally reached Rs 2,800 per sq.ft in the 2024 revision, representing a 12% increase.

It is important to note that the register has no figures for Kambar Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value range from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which means Kambar Street's 2024 figure is below that median.

• Kanakamma Colony: Rs 4,400 per sq.ft (2024)
• Kamaraj Street: Rs 2,800 per sq.ft (2024)
• Kannagi Street: Rs 3,900 per sq.ft (2024)
• Kannan Nagar: Rs 4,400 per sq.ft (2024)
• Kannan Nagar 1st Main Road: Rs 4,400 per sq.ft (2024)
• Kannan Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to 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, resulting in a total of Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process for property transactions in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with the regulations set by the Registration Department.

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 changed from Rs 700 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 300%.

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 the sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets in Thalakanancherry with their guideline values?

Other streets in Thalakanancherry include Kanakamma Colony at Rs 4,400 per sq.ft, Kamaraj Street at Rs 2,800 per sq.ft, and Kannagi Street at Rs 3,900 per sq.ft, among others.