Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Kambar Street has changed

The guideline value of Kambar Street has seen significant changes over the years. The 2002 revision recorded a value of Rs 264 per sq.ft, which increased to Rs 93 per sq.ft in 2003, a decrease of 65%. Following that, in 2007, the value surged to Rs 140 per sq.ft, and by 2017, it had risen dramatically to Rs 1,072 per sq.ft, marking a 666% increase. The 2023 revision set the value at Rs 1,600 per sq.ft, which was a 49% increase from the previous revision.

The most recent revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the 2023 figure. Notably, there is no figure available for Kambar Street in the 2012 revision.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with the 2024 guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Kambar Street's 2024 value below this median.

• Kamatchi Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 7th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 6th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 5th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 4th Street: Rs 1,760 per sq.ft (2024)
• Kamatchi Nagar 3rd Street: Rs 1,760 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 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. 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 detailed calculations.

Which Sub Registrar Office covers Kambar Street?

Kambar Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating taxes. It is essential to refer to the latest revisions to ascertain the correct fees to be paid during the transaction process.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,760 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 264 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 567%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000. The stamp duty is Rs 1,23,200, and the registration fee is Rs 35,200, totaling Rs 1,58,400.

Which office handles the registration for Kambar Street?

The Pammal Sub Registrar Office handles the registration for Kambar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Class II Type - I, indicating its suitability for residential development.