Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Kannanthangal village is Rs 110 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 100 per sq.ft. This was followed by a decrease to Rs 67 per sq.ft in 2017. The value then increased to Rs 100 per sq.ft in the 2023 revision, and finally, it rose to Rs 110 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value surged by 49%. Overall, from 2012 to 2024, the guideline value increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannanthangal

Kannanthangal village has 22 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 900 per sq.ft. The median value is Rs 110 per sq.ft, making Kambar Street's 2024 figure equal to this median.

• Kamaraj Street: Rs 110 per sq.ft (2024)
• Jeyandra Nagar: Rs 200 per sq.ft (2024)
• Jesus Garden: Rs 200 per sq.ft (2024)
• Jemi Kannanthangal New Town: Rs 250 per sq.ft (2024)
• Kulakkarai Street: Rs 100 per sq.ft (2024)
• Mahidhara Supreme Elegant: Rs 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 110 per sq.ft, the total guideline value amounts to Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, making the total cost for these fees Rs 9,900. 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?

Kambar Street is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kannanthangal. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024.

What is the land classification of Kambar Street?

Kambar Street is classified as Residential Class II Type - I.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kambar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 110 per sq.ft would incur a stamp duty of Rs 7,700.