Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Padappai village under the Padappai SRO is Rs 830 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 seen significant changes over the years. In 2003, the guideline value was Rs 30 per sq.ft, which increased to Rs 50 per sq.ft in 2007, marking a substantial rise of 67%. The value then surged dramatically to Rs 750 per sq.ft in 2012, reflecting a remarkable increase of 1,400%. However, the guideline value dropped to Rs 502 per sq.ft in 2017, representing a decrease of 33%. The 2023 revision saw the value rise again to Rs 750 per sq.ft, before reaching the current value of Rs 830 per sq.ft in 2024, which is an increase of 11%.

It is important to note that the register has no figure for Kambar Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 2,667%.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, which is equal to the guideline value of Kambar Street.

• Kambar Garden: Rs 1,100 per sq.ft (2024)
• Kamarajar Street: Rs 660 per sq.ft (2024)
• Kattu Colony: Rs 830 per sq.ft (2024)
• Jkp Jayadev Avenue Phase - I & Phase - II: Rs 830 per sq.ft (2024)
• Keelpadappai Road: Rs 1,320 per sq.ft (2024)
• Kizhil Padappai (Periya Street): Rs 830 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 830 per sq.ft, the total guideline value would be Rs 8,30,000. The stamp duty at 7% would amount to Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total cost for these fees to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Padappai. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory for any property sale or purchase.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. It is crucial for buyers and sellers to be aware of the current guideline value to understand their financial obligations 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 830 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 30 per sq.ft in 2003 to Rs 830 per sq.ft in 2024, reflecting an overall increase of 2,667% over this period.

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

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Which office handles the registration for Kambar Street?

The Padappai Sub Registrar Office handles the registration for Kambar Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value determined for properties in Padappai?

The guideline value is determined based on various factors including land classification and historical revisions by the Registration Department, which maintains a register of values for different streets in the area.