Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Valarpuram village, under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Kambar Street has changed

Looking at the historical revisions, the guideline value for Kambar Street was Rs 200 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision, reflecting a 0% change. Prior to that, in the 2017 revision, the value was Rs 134 per sq.ft, marking a significant increase of 49% to reach the 2023 figure. The 2012 revision also registered a value of Rs 200 per sq.ft, which was a decrease of 33% from the previous value in 2017.

Overall, comparing the figures from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft. It is important to note that there are no figures available for Kambar Street in the revisions of 2002, 2003, and 2007.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that Kambar Street's 2024 figure is below this median.

• Kammalar Street: Rs 200 per sq.ft (2024)
• Kamachi Colony: Rs 300 per sq.ft (2024)
• Kamachi Avenue Phase - II: Rs 300 per sq.ft (2024)
• Kamachi Avenue: Rs 300 per sq.ft (2024)
• Karthik Nagar: Rs 600 per sq.ft (2024)
• Karumariamman Nagar: Rs 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. The total cost for these fees would be Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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 Valarpuram

The guideline value is a crucial factor in the registration process when buying or selling property in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, which are calculated based on this value.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring proper tax collection. Buyers and sellers should always check the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 200 per sq.ft from 2012 to 2024, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Class III Type - I, which indicates the type of development and usage permitted in this area.

Where can I find the Sub Registrar Office for Kambar Street?

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

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, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total guideline value of Rs 2,00,000, leading to specific fees based on this value.