Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Special 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 2007, the value was Rs 320 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft by 2012, marking a rise of 525%. However, by 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The 2023 revision set the value at Rs 2,000 per sq.ft, and the latest 2024 revision raised it to Rs 2,200 per sq.ft, reflecting a 10% increase.

There are no figures available for Kambar Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 588%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kambar Street's 2024 value of Rs 2,200 per sq.ft is above this median.

• Kanagavallipuram: Rs 1,320 per sq.ft (2024)
• Kamatchi Nagar: Rs 1,100 per sq.ft (2024)
• Kamatchi avenue: Rs 1,100 per sq.ft (2024)
• Kandappan Street: Rs 880 per sq.ft (2024)
• Kannadhasan Nagar: Rs 1,100 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 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 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kambar Street?

Kambar Street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees applicable for the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate 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 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 320 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 588%.

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

The stamp duty for properties in Kambar Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Kambar Street?

The registration for Kambar Street is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value in Thiruvallur?

The median guideline value in Thiruvallur is Rs 1,100 per sq.ft, while Kambar Street's value of Rs 2,200 per sq.ft is above this median.