Guideline Value for Kambar Street

Kambar Street guideline value

The current guideline value of Kambar Street in Agaramthen village, under the Tambaram Joint 1 SRO, is Rs 830 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class I Type - II.

How the guideline value of Kambar Street has changed

The guideline value for Kambar Street has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and most recently, it has risen to Rs 830 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which aligns with the current value of Kambar Street.

• Kamaraj Street: Rs 830 per sq.ft (2024)
• Kamaraj Cross Street: Rs 830 per sq.ft (2024)
• Kamarajar Street: Rs 830 per sq.ft (2024)
• Kannan Avenue: Rs 3,300 per sq.ft (2024)
• Kannanji 2nd Cross Street: Rs 830 per sq.ft (2024)
• Kakkanji Street: Rs 830 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 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total costs together to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kambar Street?

The Sub Registrar Office that covers Kambar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agaramthen. It determines the stamp duty and registration fees that are applicable, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Kambar Street?

The current guideline value of Kambar Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back up to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

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

For a 1,000 sq.ft property on Kambar Street, the total guideline value is Rs 8,30,000, with stamp duty at Rs 58,100 and registration fees at Rs 16,600, totaling Rs 74,700.

Which office handles registrations for Kambar Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Kambar Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Kambar Street?

Kambar Street is classified under Residential Class I Type - II, which indicates its designated use for residential purposes.