Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Koyakbedu village under the AnnaNagar SRO is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of Kambar Street has changed

The guideline value of Kambar Street has seen several revisions over the years. In 2007, the value was set at Rs 1,100 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 173% rise. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023, before reaching the current rate of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 200%.

The register has no figures for Kambar Street for the years 2002 and 2003.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Kambar Street's 2024 figure below this median.

• Kanagalingeswarar Koil North Street: Rs 3,300 per sq.ft (2024)
• Kanagasabai Colony: Rs 3,300 per sq.ft (2024)
• Kamaraj Street: Rs 3,300 per sq.ft (2024)
• Kamaraj Salai: Rs 3,300 per sq.ft (2024)
• Kali Amman Koil Street: Rs 7,700 per sq.ft (2024)
• kathiravan Colony: 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the 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?

Kambar Street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property registration in Koyakbedu. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees. Buyers and sellers must be aware that the guideline value can influence the overall transaction costs associated with property transfer.

When a property is sold, the guideline value is considered to ensure that the sale price is reflective of the market conditions. This helps maintain transparency in property transactions and ensures that the appropriate taxes are levied based on the established values.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 200% over the years.

What is the land classification for Kambar Street?

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

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For a 1,000 sq.ft plot, the total cost would be Rs 2,97,000.

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

The AnnaNagar Sub Registrar Office covers Kambar Street and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.