Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Issa Pallavaram village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Kambar Street has changed

Since the 2003 revision, the guideline value for Kambar Street has seen significant changes. In 2003, the value was Rs 118 per sq.ft, which increased to Rs 400 per sq.ft in 2007, marking a rise of 239%. The value then jumped to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 2,000 per sq.ft in 2023, and as of 2024, it stands at Rs 2,200 per sq.ft, a 10% increase from the previous year.

The register has no figure for Kambar Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1,764%.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kambar Street's 2024 figure is below this median.

• Kamaraj Street: Rs 2,200 per sq.ft (2024)
• Kamaraj Nagar (1 To 4 Streets): Rs 2,200 per sq.ft (2024)
• Kannabiran Koil Street (PART): Rs 2,200 per sq.ft (2024)
• Kamaraj Nagar: Rs 2,200 per sq.ft (2024)
• Kannan Street: Rs 2,200 per sq.ft (2024)
• Kaji Saheb Street: Rs 3,300 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 would be 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, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by 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 Issa Pallavaram

The guideline value is a crucial factor during property registration in Issa Pallavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value to understand the financial implications of the transaction, including the associated costs of registration.

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 has the guideline value changed over the years?

The guideline value has changed significantly from Rs 118 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,764%.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Class II Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.