Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Rajakilpakkam village, under the Selaiyur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Kambar Street has changed

In the 2012 revision, the guideline value for Kambar Street was Rs 2,500 per sq.ft. This figure remained unchanged in the 2017 revision, which recorded a decrease to Rs 1,675 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 2,700 per sq.ft, an 8% rise from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007. Overall, comparing the 2012 figure to the current 2024 value, there has been an 8% increase.

Guideline values in Rajakilpakkam

Rajakilpakkam has a total of 384 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in the village is Rs 2,150 per sq.ft, making Kambar Street's 2024 value of Rs 2,700 per sq.ft above this median.

• Kambar Cross Street: Rs 2,400 per sq.ft (2024)
• Kambar Street Extension: Rs 2,400 per sq.ft (2024)
• Kanagaraja Cross Street: Rs 4,750 per sq.ft (2024)
• Kanakaraja Nagar: Rs 1,300 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Kamarajapuram Ambethkar Cross Street: Rs 1,900 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that 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?

The Kambar Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Rajakilpakkam

The guideline value is a critical factor in property transactions in Rajakilpakkam, as it determines the minimum value at which a property can be registered. When a buyer or seller agrees on a sale price, the registration office will consider the guideline value to ensure that the transaction is recorded accurately.

Additionally, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen fluctuations, with the most recent increase from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Special Type - I, which influences its guideline value.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the total stamp duty and registration fees would amount to Rs 2,43,000.