Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Sriperumbudur A village is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class III 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 2017 revision set the value at Rs 469 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a value of Rs 700 per sq.ft, marking a 49% increase from the 2017 figure. The 2024 revision maintained the same guideline value of Rs 700 per sq.ft, showing no change from the previous year.

There are no recorded figures for Kambar Street in the revisions of 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is the same as Kambar Street's 2024 figure.

• Kambar Street Extn: Rs 700 per sq.ft (2024)
• Kammala Street: Rs 700 per sq.ft (2024)
• Kaliyoor Rangasamy Nagar: Rs 700 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 700 per sq.ft (2024)
• Kachipattu Colony: Rs 700 per sq.ft (2024)
• Kasthuri Nagar: Rs 1,200 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 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, together amounting to Rs 63,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our 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 Sriperumbudur A

The guideline value is a crucial factor when registering property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential for buyers to be aware of the guideline value 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 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kambar Street increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and remained the same in 2024, reflecting a 49% increase over the period from 2017 to 2024.

What is the median guideline value in Sriperumbudur A?

The median guideline value in Sriperumbudur A is Rs 700 per sq.ft, which is the same as the guideline value for Kambar Street in 2024.

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

The stamp duty is charged at 7% and the registration fee at 2% on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft, the total fees would amount to Rs 63,000.

Which office handles the registration for Kambar Street?

The Sriperumpudur Sub Registrar Office handles the registration for Kambar Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.