Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, and is classified as Residential Special Type - V.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, but then decreased to Rs 2,010 per sq.ft in 2017. The 2023 revision marked a rise to Rs 3,000 per sq.ft, followed by the current rate of Rs 3,300 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 400%, but it then dropped by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Kambar Street's 2024 figure above this median.

• Kanaga Nagar: Rs 1,100 per sq.ft (2024)
• Kanagaraj Street: Rs 1,100 per sq.ft (2024)
• Kandasamy Colony: Rs 2,750 per sq.ft (2024)
• Kamarajar Street Arthi Street: Rs 2,200 per sq.ft (2024)
• Kannadasan Street: Rs 1,100 per sq.ft (2024)
• Kamarajar Street: Rs 2,200 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, this totals Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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 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 Selaiyur

The guideline value is a crucial factor when buying or selling property in Selaiyur. It is used to determine the stamp duty and registration fees applicable during the registration process. 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 baseline for calculating the fees. It is essential to verify the current rates to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing a significant overall increase of 450% over this period.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, with Kambar Street's 2024 figure being above this median.