Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 1,500 per sq.ft as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. However, this figure saw a decrease in the 2017 revision, dropping to Rs 1,005 per sq.ft, which represents a decline of 33%. The most recent revision in 2023 saw a significant increase, with the guideline value rising to Rs 1,500 per sq.ft, marking a 49% increase from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 1,500 per sq.ft. It is important to note that there are no figures available in the register for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur. Kambar Street's guideline value stands at Rs 1,500 per sq.ft as of the 2023 revision.

Stamp duty and registration fee for property in Kambar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Duty is charged on the higher of the guideline value or the sale price. 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a fair value. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Kambar Street was Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and then returned to Rs 1,500 per sq.ft in 2023. There are no figures available for the years 2002, 2003, 2007, and 2024.

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

The stamp duty for property in Kambar Street is charged at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 15,00,000, the stamp duty would amount to Rs 1,05,000.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and historical data. It serves as a reference point for property transactions to ensure compliance with local regulations.