Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Konnur village, under the Konnur SRO, is Rs 6,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen several revisions over the years. In 2002, the value was Rs 251 per sq.ft, which increased to Rs 272 per sq.ft in 2003, marking an 8% rise. Following this, the value surged significantly to Rs 700 per sq.ft in 2007, reflecting a 157% increase. The value then rose dramatically to Rs 5,500 per sq.ft in 2012, a 686% increase from the previous revision. However, it dropped to Rs 3,685 per sq.ft in 2017, showing a decrease of 33%.

In 2023, the guideline value was Rs 5,500 per sq.ft, which then increased to Rs 6,000 per sq.ft in the 2024 revision, representing a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 2,290%.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value is Rs 3,800 per sq.ft, making Kambar Street's 2024 figure above this median.

• Kambar Nagar Extension & Street: Rs 6,000 per sq.ft (2024)
• Kambar Nagar and the Streets & Cross Street: Rs 6,000 per sq.ft (2024)
• Kammankinaru Street: Rs 3,800 per sq.ft (2024)
• Kamaraj Nagar and Ist Street and 2nd Street: Rs 3,800 per sq.ft (2024)
• Kamaraj Nagar: Rs 3,800 per sq.ft (2024)
• Karnan Street: Rs 3,800 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 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, making the total fees together Rs 5,40,000. 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?

The Kambar Street falls under the Konnur Sub Registrar Office located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, the guideline value helps in establishing a fair price for the transaction. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 251 per sq.ft in 2002 to Rs 6,000 per sq.ft in 2024, showing an overall increase of 2,290%.

What is the median guideline value in Konnur?

The median guideline value in Konnur is Rs 3,800 per sq.ft, with Kambar Street's value being above this median at Rs 6,000 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 5,40,000, which includes a stamp duty of Rs 4,20,000 and a registration fee of Rs 1,20,000.

Which office handles the registration for Kambar Street?

The Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, covers Kambar Street.