Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Orakadu & Kiruthalapuram village, under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it then decreased to Rs 234 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 350 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 385 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 17%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 50% from 2017 to 2023. Finally, the guideline value rose by 10% from 2023 to 2024, resulting in an overall increase of 28% from 2007 to 2024.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 900 per sq.ft. The median value is Rs 385 per sq.ft, which is the same as Kambar Street's 2024 figure.

• Kalaignar Street: Rs 385 per sq.ft (2024)
• Kakkanji Street: Rs 275 per sq.ft (2024)
• Kirudhalapuram Pradhana Salai: Rs 385 per sq.ft (2024)
• Kulakkarai Street: Rs 275 per sq.ft (2024)
• Infinity Industrial And Logistics Park: Rs 351 per sq.ft (2024)
• Gomathiamman Nagar Anex- XI: Rs 275 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 385 per sq.ft, the guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total to Rs 34,650. It is important to note that 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 falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value is a crucial factor during the registration of property transactions in Orakadu & Kiruthalapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This process helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, reflecting an overall increase of 28% over the years.

What is the registration office for Kambar Street?

The registration office for Kambar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the stamp duty rates for properties on Kambar Street?

The stamp duty rate for properties on Kambar Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

For more information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.