Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Maathoor village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 335 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 500 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Kambar Street. Therefore, the only relevant revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Maathoor

In Maathoor village, there are 47 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 250 to Rs 2,687 per sq.ft. The median value is Rs 500 per sq.ft, which is equal to the guideline value of Kambar Street.

• Kambar Nagar: Rs 400 per sq.ft (2024)
• Kalaivani Street: Rs 500 per sq.ft (2024)
• Kabilar Street: Rs 500 per sq.ft (2024)
• Kattabomman street: Rs 500 per sq.ft (2024)
• K.G.V Nagar: Rs 250 per sq.ft (2024)
• Indhira Nagar: Rs 250 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total charges Rs 45,000. It is important to note that the 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Maathoor. It determines the minimum price at which a property can be registered and is used to calculate stamp duty and registration fees during the transaction.

When you register a property, the guideline value serves as a benchmark for taxation purposes. Buyers and sellers must be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kambar Street has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017, followed by a return to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Kambar Street?

Kambar Street is classified as Residential Special Type - III under the Sunguvarchattram SRO.

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

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kambar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 500 per sq.ft, the total charges would amount to Rs 45,000.