Guideline Value for PALLAVAN NAGAR KAMBAR STREET

Pallavan Nagar Kambar Street guideline value

The current guideline value of Pallavan Nagar Kambar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Pallavan Nagar Kambar Street has changed

The guideline value for Pallavan Nagar Kambar Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 1,340 per sq.ft. This figure increased to Rs 2,000 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions from the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nerkundram

In Nerkundram village, there are 476 streets under the Virugambakkam SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Pallavan Nagar Kambar Street.

• Pallavan Nagar Kattabomman 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Pallavan Nagar Kattabomman 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Pallavan Nagar Barathi Street: Rs 2,200 per sq.ft (2024)
• Pallavan Nagar Kattabomman Street: Rs 2,200 per sq.ft (2024)
• Pallavan Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Pallavan Nagar Pillaiyar Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavan Nagar Kambar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total cost of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallavan Nagar Kambar Street?

The Sub Registrar Office that covers Pallavan Nagar Kambar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Nerkundram. When buying or selling a property, this value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Accurate knowledge of this value helps in understanding the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value of Pallavan Nagar Kambar Street?

The current guideline value of Pallavan Nagar Kambar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 1,340 per sq.ft to the current value of Rs 2,200 per sq.ft in 2024.

What is the land classification for Pallavan Nagar Kambar Street?

Pallavan Nagar Kambar Street is classified under Residential Class IV Type - I according to the land classification records.

Where can I find the registration office for Pallavan Nagar Kambar Street?

The registration office for Pallavan Nagar Kambar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Nerkundram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.