Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Thandalkazhani village, under the Redhills SRO, is Rs 1,210 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 seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012. However, it then decreased to Rs 737 per sq.ft in 2017. The 2023 revision saw a notable rise to Rs 1,100 per sq.ft, followed by a further increase to Rs 1,210 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, Kambar Street has experienced a substantial increase of 203%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Thandalkazhani

In Thandalkazhani, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,750 per sq.ft. The median value among these streets is Rs 880 per sq.ft, placing Kambar Street's 2024 guideline value above this median.

• Kannadasan Street: Rs 880 per sq.ft (2024)
• Kamaraj Nagar: Rs 660 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Lakshmi Amman Koil Street: Rs 1,210 per sq.ft (2024)
• Gomathi Nagar In Sivaram city: Rs 2,750 per sq.ft (2024)
• Gnt Road: Rs 2,750 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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total fees would be Rs 1,08,900. It is important to note that 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 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 Thandalkazhani

The guideline value plays a crucial role in property transactions in Thandalkazhani. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the legal framework.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value of Kambar Street has increased by 203%, from Rs 400 per sq.ft to Rs 1,210 per sq.ft in 2024.

What was the guideline value in 2017?

In 2017, the guideline value of Kambar Street was Rs 737 per sq.ft.

What is the median guideline value in Thandalkazhani?

The median guideline value in Thandalkazhani is Rs 880 per sq.ft for the year 2024.

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.