Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Kilambakkam village is Rs 1,200 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri SRO and has a land classification of Residential Special Type - I.

How the guideline value of Kambar Street has changed

Looking at the historical revisions, the guideline value for Kambar Street was Rs 1,000 per sq.ft in 2007, which increased to Rs 1,200 per sq.ft in 2012. However, it saw a decrease to Rs 804 per sq.ft in the 2017 revision. The most recent revision in 2023 brought the value back up to Rs 1,200 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. In contrast, the change from 2012 to 2017 showed a decrease of 33%. Overall, from 2007 to 2023, the guideline value has increased by 20%.

Guideline values in Kilambakkam

Currently, there are no specific village figures provided for Kilambakkam. Kambar Street is the only street mentioned under the Gooduvancheri SRO. The following are the other streets in Kilambakkam:

Stamp duty and registration fee for property in Kambar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to 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 is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value will be used to calculate the associated costs, ensuring that the transaction is documented accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with a peak of Rs 1,200 per sq.ft in 2012, a drop to Rs 804 per sq.ft in 2017, and returning to Rs 1,200 per sq.ft in 2023.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,08,000, which includes both fees.

Which office handles registrations for Kambar Street?

The Gooduvancheri Sub Registrar Office handles registrations for Kambar Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in property values.