Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Zaminpallavaram village under the Pallavaram SRO is Rs 2,750 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class II Type - I.

How the guideline value of Kambar Street has changed

The guideline value has seen several revisions over the years. Starting from Rs 154 per sq.ft in 2003, it increased to Rs 600 per sq.ft in 2007, marking a significant rise of 290%. In 2012, the value adjusted to Rs 2,500 per sq.ft, which was a 317% increase from the previous revision. However, it then fell to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is a 64% increase from 2017.

There are no figures available for the revisions in 2023 and 2002 for Kambar Street. Overall, from 2003 to 2024, the guideline value has increased by 1686%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, indicating that Kambar Street's 2024 figure is below this median.

• KamatChi Nagar: Rs 4,400 per sq.ft (2024)
• Kamaraj Nagar & Street: Rs 3,520 per sq.ft (2024)
• Kannabiran Koil 1st Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Koil Street: Rs 2,750 per sq.ft (2024)
• Kannabiran Street: Rs 2,750 per sq.ft (2024)
• Kannadasan Street,Rajiv Gandhi 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 rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, 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 Zaminpallavaram

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees applicable to a property sale or purchase. When registering a property, the higher of the guideline value or the sale price is considered for calculating these fees.

Understanding the guideline value is essential for buyers and sellers alike, as it influences the overall cost of property transactions. It ensures that the fees are aligned with the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 154 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1686% over the years.

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

For a 1,000 sq.ft property, the total guideline value is Rs 27,50,000, leading to a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office handles registrations for Kambar Street?

The Pallavaram Sub Registrar Office handles registrations for Kambar Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Class II Type - I according to the current guidelines.