Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Sembiam village is Rs 1,900 per sq.ft, effective from 1 July 2024. This street falls under the Sembiam Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen significant changes over the years. In 2002, the value was Rs 296 per sq.ft, which increased to Rs 700 per sq.ft in 2007, marking a rise of 136%. The value then surged to Rs 1,800 per sq.ft in 2012, reflecting a substantial increase of 157%. However, it dropped to Rs 1,206 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 1,800 per sq.ft in 2023, and most recently, it reached Rs 1,900 per sq.ft in the 2024 revision, representing a 6% increase from the previous year.

It is important to note that the register has no figure for Kambar Street for the year 2003. Overall, from 2002 to 2024, the guideline value has increased by 542%.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, making Kambar Street's 2024 figure of Rs 1,900 per sq.ft below this median.

• Kamaraj Street: Rs 1,900 per sq.ft (2024)
• Kamarajar 2nd Street: Rs 1,900 per sq.ft (2024)
• Kamarajar 1st Street: Rs 1,900 per sq.ft (2024)
• Kalyani Avenue: Rs 1,900 per sq.ft (2024)
• Kalyana Sundara Mudaliar Street: Rs 1,900 per sq.ft (2024)
• Kabilar Street: Rs 1,900 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 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sembiam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 296 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 542% over the years.

What is the median guideline value for streets in Sembiam?

The median guideline value for streets in Sembiam is Rs 2,700 per sq.ft, while Kambar Street's value is below this median at Rs 1,900 per sq.ft.

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

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles the registration for Kambar Street?

The Sembiam Sub Registrar Office handles the registration for Kambar Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.