Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen significant changes over the years. In 2002, the guideline value was Rs 80 per sq.ft, which increased to Rs 301 per sq.ft in 2003, marking a substantial rise of 276%. The value continued to rise, reaching Rs 810 per sq.ft in 2007, an increase of 169%. By 2017, the guideline value further escalated to Rs 1,474 per sq.ft, representing an 82% increase from the previous revision.

In 2023, the guideline value was Rs 2,200 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that there are no figures available for Kambar Street in the 2012 revision.

Guideline values in Thiruneermalai

In Thiruneermalai village, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which is equal to the guideline value of Kambar Street.

• Kamaraj Street: Rs 2,420 per sq.ft (2024)
• Karikalan Street: Rs 2,420 per sq.ft (2024)
• Kaklenjchavadi/Yadhaval Street: Rs 2,200 per sq.ft (2024)
• Kakelanjchavadi 3rd Cross Street: Rs 2,420 per sq.ft (2024)
• Kakelanjchavadi 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Kakelanjchavadi 1st Cross Street: Rs 2,420 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 2,420 per sq.ft, the guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, while the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kambar Street?

Kambar Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 Thiruneermalai

The guideline value serves as a benchmark for property transactions in Thiruneermalai. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

During the registration process, the guideline value helps to establish a fair assessment of the property being transferred. It is crucial for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 2,420 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 80 per sq.ft in 2002 to Rs 2,420 per sq.ft in 2024, which is an overall increase of 2925% over the years.

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

For a 1,000 sq.ft property on Kambar Street, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which registration office covers Kambar Street?

Kambar Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kambar Street?

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