Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Pozhichalur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 804 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 saw another increase to Rs 1,320 per sq.ft, which is a 10% rise from the previous year.

It is important to note that there are no recorded figures for Kambar Street in the revisions for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the guideline value of Kambar Street.

• Kamban Street, Moovar Nagar: Rs 1,320 per sq.ft (2024)
• Kandaswamy Nagar: Rs 1,320 per sq.ft (2024)
• Kamarajar Street Vinayaga Nagar: Rs 1,650 per sq.ft (2024)
• Kamarajar Street (6): Rs 1,320 per sq.ft (2024)
• Kamarajar Street (3): Rs 1,320 per sq.ft (2024)
• Kannadasan Street: Rs 1,320 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering a property in Pozhichalur. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the transaction is recorded accurately and transparently in the official registry.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft, which is an overall increase of 64%.

What is the stamp duty rate for properties in Kambar Street?

The stamp duty for properties in Kambar Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What other streets in Pozhichalur have the same guideline value?

Other streets in Pozhichalur with the same guideline value of Rs 1,320 per sq.ft include Kamban Street, Moovar Nagar, Kandaswamy Nagar, Kamarajar Street (6), Kamarajar Street (3), and Kannadasan Street.