Guideline Value for Kambar street(Bhavani nagar)

Kambar street(Bhavani nagar) guideline value

The current guideline value of Kambar street(Bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Kambar street(Bhavani nagar) has changed

The guideline value for Kambar street(Bhavani nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023 before reaching the current value of Rs 1,600 per sq.ft in 2024.

From 2023 to 2024, there was a 7% increase in the guideline value. Between 2017 and 2023, the value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%, while the period from 2007 to 2012 experienced a substantial increase of 275%. Overall, from 2007 to 2024, the guideline value has increased by 300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, making Kambar street(Bhavani nagar) above the median at Rs 1,600 per sq.ft.

• Kamarajar street(v.o.c.nagar): Rs 1,600 per sq.ft (2024)
• Kamarajar street(sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Kamalammal Street (Rajammal nagar): Rs 1,300 per sq.ft (2024)
• Karpaga Vinayagar Koil 1st cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Karpaga Vinayagar Koil 2nd cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kambar street(Bhavani nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kambar street(Bhavani nagar)?

The Sub Registrar Office that covers Kambar street(Bhavani nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ayappakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the property transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, aligning with government regulations. Buyers and sellers should be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kambar street(Bhavani nagar)?

The current guideline value of Kambar street(Bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 300% over the years.

What is the land classification for Kambar street(Bhavani nagar)?

The land classification for Kambar street(Bhavani nagar) is Residential Special Type - III.

Where can I find the Sub Registrar Office for Kambar street(Bhavani nagar)?

The Sub Registrar Office for Kambar street(Bhavani nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kambar street(Bhavani nagar)?

The stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 1,12,000.