Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Menambedu village, under the Ambattur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Kambar Street has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, where it was recorded at Rs 536 per sq.ft. The following revision in 2023 marked an increase to Rs 1,000 per sq.ft, which was a substantial rise of 87% from the 2017 figure. The current revision in 2024 has slightly increased this value to Rs 1,001 per sq.ft, showing no change from the previous year.

The register has no figures for Kambar Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO, with guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft as of 2024. The median value for these streets is Rs 1,003 per sq.ft, placing Kambar Street's 2024 figure below that median.

• Kamathenu Street: Rs 1,700 per sq.ft (2024)
• Kaniappa Reddy Street: Rs 1,700 per sq.ft (2024)
• Kannan Koil Street: Rs 1,001 per sq.ft (2024)
• Kannappa Reddiar Street: Rs 1,700 per sq.ft (2024)
• Kamarajar salai: Rs 1,002 per sq.ft (2024)
• Kamarajar Nagar: Rs 1,002 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 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost Rs 90,090. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It helps determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is bought or sold, the guideline value serves as a reference point for the official valuation of the property. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 in 2012 to Rs 536 in 2017, then to Rs 1,000 in 2023, and finally to Rs 1,001 in 2024. Overall, from 2012 to 2024, there has been a 25% increase.

What is the land classification of Kambar Street?

Kambar Street is classified under Residential Class IV Type - I, which indicates its zoning for residential use.

Where can I find the Ambattur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Kambar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,01,000, the stamp duty at 7% would be Rs 70,070.