Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 1,650 per sq.ft. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Residential Class III 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 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 275%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The value then saw a substantial increase to Rs 1,500 per sq.ft in 2023, a rise of 49%. Most recently, the 2024 revision set the guideline value at Rs 1,650 per sq.ft, an increase of 10% from the previous year.

It is important to note that 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 313%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value in this village is Rs 2,970 per sq.ft, placing Kambar Street's 2024 figure below this median.

• Kannabiran Koil Street: Rs 1,650 per sq.ft (2024)
• Kannagi Street: Rs 1,650 per sq.ft (2024)
• Kamakodi Street: Rs 2,920 per sq.ft (2024)
• Kannammal Nagar: Rs 3,300 per sq.ft (2024)
• Kannammal Street: Rs 2,970 per sq.ft (2024)
• Karpagambal Street: Rs 2,380 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street?

Kambar Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Hastinapuram, as it determines the minimum price at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 400 per sq.ft in 2007, peaking at Rs 1,650 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Class III Type - I, indicating its designation for residential purposes.

Where can I find the registration office for Kambar Street?

The registration office for Kambar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Kambar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.