Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Perungalathur village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Class III Type - I.

How the guideline value of Kambar Street has changed

In the 2007 revision, the guideline value was Rs 300 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2012 revision, marking a 500% rise. However, the value then decreased to Rs 1,206 per sq.ft in the 2017 revision, which represented a decline of 33%. The 2023 revision saw the guideline value increase to Rs 1,800 per sq.ft, followed by a further rise to Rs 1,980 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, Kambar Street has experienced a substantial increase of 560% in its guideline value. The register has no figures for Kambar Street for the years 2002 and 2003.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Kambar Street's 2024 figure below the median.

• Kamatchi Nagar and Extn: Rs 2,970 per sq.ft (2024)
• Kamatchi nagar: Rs 2,970 per sq.ft (2024)
• Kamatchiamman Nagar: Rs 2,970 per sq.ft (2024)
• Kamaraj Street: Rs 2,970 per sq.ft (2024)
• Kannadasan Street: Rs 2,310 per sq.ft (2024)
• Kannaki Street: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total Rs 1,78,200. 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 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 Perungalathur

The guideline value is a critical factor in property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 560% over the years.

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

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,78,200, based on the guideline value of Rs 19,80,000.

Which office handles registrations for Kambar Street?

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

What is the median guideline value for streets in Perungalathur?

The median guideline value for streets in Perungalathur is Rs 2,310 per sq.ft, which is above the current value of Kambar Street.