Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Kovilpathagai village, under the Ambattur SRO, is Rs 806 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 806 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

There are no figures available for Kambar Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 34%, with a 100% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this village is Rs 870 per sq.ft, placing Kambar Street's 2024 figure below this median.

• Kammala Street: Rs 806 per sq.ft (2024)
• Kanadasan Street: Rs 880 per sq.ft (2024)
• Kannammaal Nagar: Rs 806 per sq.ft (2024)
• Kannappa Gileri Street: Rs 805 per sq.ft (2024)
• Karnam Street: Rs 807 per sq.ft (2024)
• Karnam Street Extn: Rs 807 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 806 per sq.ft, the total guideline value would be Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total to Rs 72,540. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kambar Street?

The Sub Registrar Office that covers Kambar Street 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 more information.

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

The guideline value is a crucial factor in property transactions in Kovilpathagai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. This ensures that the government receives the appropriate revenue from property transactions.

When a buyer or seller registers a property, the guideline value serves as a benchmark for the transaction. It helps in ensuring transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft in 2023, which remains the same in 2024.

What is the land classification of Kambar Street?

Kambar Street is classified under Residential Class III Type - I, indicating its suitability for residential purposes.

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

Other streets in Kovilpathagai include Kammala Street and Kannammaal Nagar, both at Rs 806 per sq.ft, and Kanadasan Street at Rs 880 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Kambar Street?

The Sub Registrar Office for Kambar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.