Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vada Mangalam village, under the Sunguvarchattram 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 undergone several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision saw a decrease to Rs 134 per sq.ft, marking a -33% change from the previous value. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft.

With the 2024 revision, the guideline value remains at Rs 200 per sq.ft, reflecting a 0% change from the previous year. Notably, the register has no figures for Kambar Street in the years 2002, 2003, and 2007.

Guideline values in Vada Mangalam

In Vada Mangalam, there are 23 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value for these streets is Rs 250 per sq.ft, positioning Kambar Street's 2024 figure below that median.

• Kamarajar Nagar: Rs 350 per sq.ft (2024)
• Kakkan Street: Rs 200 per sq.ft (2024)
• Iswarya Nagar: Rs 350 per sq.ft (2024)
• Kullakarai Street: Rs 200 per sq.ft (2024)
• Iswarya Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Indhira Nagar: Rs 350 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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. 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 information.

Which Sub Registrar Office covers Kambar Street?

The Sub Registrar Office that covers Kambar Street is 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vada Mangalam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded with the government.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This helps in maintaining transparency and fairness in property transactions within the region.

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 seen fluctuations, with the 2012 and 2023 revisions both at Rs 200 per sq.ft, while the 2017 revision dropped to Rs 134 per sq.ft. The most recent revision in 2024 maintains the value at Rs 200 per sq.ft.

What is the median guideline value for streets in Vada Mangalam?

The median guideline value for streets in Vada Mangalam is Rs 250 per sq.ft, with Kambar Street's value being below this median at Rs 200 per sq.ft.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or sale price, whichever is higher.

Which office handles registrations for Kambar Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Kambar Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.