Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Padiyanallur village, under the Redhills SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has undergone several revisions over the years. In 2003, the guideline value was Rs 171 per sq.ft, which saw a significant increase to Rs 400 per sq.ft in 2007. This was followed by a further rise to Rs 700 per sq.ft in 2012, before decreasing to Rs 469 per sq.ft in 2017. The 2023 revision set the value at Rs 700 per sq.ft, and the latest revision in 2024 has increased it to Rs 770 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 350%. Notably, the register has no figure for Kambar Street for the year 2002.

Guideline values in Padiyanallur

In Padiyanallur, a total of 132 streets are listed under the Redhills SRO, with the 2024 guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which aligns with the current guideline value for Kambar Street.

• Kambar Street (Bhavani Nagar): Rs 770 per sq.ft (2024)
• Kannadasan Street: Rs 770 per sq.ft (2024)
• Kannagi Street: Rs 1,320 per sq.ft (2024)
• Kamarajar Street (M.A.Nagar): Rs 770 per sq.ft (2024)
• Kanniamman Koil Street (PANNEERVAKKAM): Rs 385 per sq.ft (2024)
• Kamarajar Nagar Periya Road: Rs 385 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, leading to a total of Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial reference point when buying or selling property in Padiyanallur. It helps determine the stamp duty and registration fees applicable 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 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 171 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the land classification for Kambar Street?

Kambar Street falls under the Residential Class I Type - I land classification.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties on Kambar Street?

Stamp duty for properties on Kambar Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, it would amount to Rs 53,900.