Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Soorapattu village, under the Ambattur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen several revisions over the years. In 2012, the value was Rs 1,100 per sq.ft, which decreased to Rs 737 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 1,100 per sq.ft in 2023, followed by a further increase to Rs 1,200 per sq.ft in 2024, reflecting a 9% rise.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%. It is important to note that there are no figures available for Kambar Street in the revisions for the years 2002, 2003, and 2007.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value in the village is Rs 1,300 per sq.ft, which means Kambar Street's 2024 figure is below this median.

• Kamarajar Street: Rs 1,100 per sq.ft (2024)
• Kamalammal Layout: Rs 1,900 per sq.ft (2024)
• Kalaivani Nagar: Rs 1,300 per sq.ft (2024)
• Karumariyamman Koil Street: Rs 1,200 per sq.ft (2024)
• Kalaigner Karunanithi Street: Rs 1,100 per sq.ft (2024)
• J.P. Nagar Main Street: Rs 2,200 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by 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 Soorapattu

The guideline value is a crucial factor when registering property transactions in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property registration process.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Class II Type - II under the land classification system.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 1,08,000.

Which office handles registrations for Kambar Street?

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