Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Molachoor village is Rs 600 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

Over the years, the guideline value for Kambar Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 600 per sq.ft. The 2017 revision recorded a lower value of Rs 402 per sq.ft, reflecting a decrease of 33% from the previous 2012 figure. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, maintaining the Rs 600 per sq.ft figure in the subsequent revisions of 2023 and 2024. Overall, from 2012 to 2024, the guideline value has remained stable with no change.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value is Rs 600 per sq.ft, which aligns with the current value of Kambar Street.

• Kamarajar Street: Rs 600 per sq.ft (2024)
• Kalliamman Kovil Street: Rs 300 per sq.ft (2024)
• Karpagavalli Nagar: Rs 800 per sq.ft (2024)
• Karumariamman Kovil Street: Rs 800 per sq.ft (2024)
• Kaideymilleth Street: Rs 600 per sq.ft (2024)
• Kasthuribai Street: Rs 300 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, resulting in Rs 42,000, and the registration fee is at 2%, amounting to Rs 12,000. Therefore, the total cost for stamp duty and registration fee together is Rs 54,000. 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 detailed calculations.

Which Sub Registrar Office covers Kambar Street?

Kambar Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Molachoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both parties are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by a return to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification of Kambar Street?

Kambar Street is classified as Residential Special Type - III under the guideline value register.

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

The Sub Registrar Office covering Kambar Street is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.