Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 2,001 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 1,340 per sq.ft. In 2023, the value increased to Rs 2,000 per sq.ft, and in the latest revision for 2024, it stands at Rs 2,001 per sq.ft. Notably, there are no figures available in the register for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 is negligible, with a 0% increase. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,500 per sq.ft, placing Kambar Street's 2024 figure above this median.

• Kamatchi Nagar: Rs 1,500 per sq.ft (2024)
• Kamarajar Street: Rs 1,500 per sq.ft (2024)
• Kannagi Street: Rs 2,001 per sq.ft (2024)
• Kanniyappa Nagar: Rs 2,001 per sq.ft (2024)
• J.V.C. Avenue: Rs 1,200 per sq.ft (2024)
• K.J. Nagar: Rs 1,200 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 2,001 per sq.ft, the total guideline value amounts to Rs 20,01,000. The stamp duty at 7% would be Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, bringing the total fees together to Rs 1,80,090. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street?

Kambar Street falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Gooduvancheri. It determines the minimum value at which a property can be registered, ensuring compliance with local regulations. Buyers and sellers must be aware of the guideline value to avoid discrepancies during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating applicable fees, including stamp duty and registration fees. This ensures that the transaction is recorded accurately and that all legal obligations are met.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,001 per sq.ft in 2024, marking a 49% increase overall.

What is the median guideline value in Gooduvancheri?

The median guideline value in Gooduvancheri is Rs 1,500 per sq.ft, with Kambar Street's value being above this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 20,01,000, leading to a stamp duty of Rs 1,40,070 and a registration fee of Rs 40,020, totaling Rs 1,80,090.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.