Guideline Value for T.M.P. Nagar Kambar Street

T.M.P. Nagar Kambar Street guideline value

The current guideline value of T.M.P. Nagar Kambar Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of T.M.P. Nagar Kambar Street has changed

The guideline value for T.M.P. Nagar Kambar Street has seen several revisions over the years. In 2003, the guideline value was Rs 365 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2007. Following this, the value surged to Rs 3,500 per sq.ft in 2012, but then decreased to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023 and has now reached Rs 3,800 per sq.ft in 2024, marking a 9% increase from the previous year.

Between the revisions, the most notable changes occurred from 2007 to 2012, where the value increased by 338%, and from 2017 to 2023, where it increased by 49%. The overall change from 2003 to 2024 is a substantial 941%. The register has no figure for this street for the year 2002.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of T.M.P. Nagar Kambar Street is below this median.

• T.M.P. Nagar kamarajar Street: Rs 3,800 per sq.ft (2024)
• T.M.P. Nagar Karnan Street: Rs 3,800 per sq.ft (2024)
• T.M.P. Nagar Gandhi Street: Rs 3,800 per sq.ft (2024)
• T.M.P. Nagar Karunanithi Street: Rs 3,800 per sq.ft (2024)
• T.M.P. Nagar Chruch Street: Rs 5,500 per sq.ft (2024)
• T.M.P. Nagar Masuthi Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in T.M.P. Nagar Kambar Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers T.M.P. Nagar Kambar Street?

The Sub Registrar Office that covers T.M.P. Nagar Kambar Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees payable during the buying or selling process.

Frequently asked questions

What is the current guideline value of T.M.P. Nagar Kambar Street?

The current guideline value of T.M.P. Nagar Kambar Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 365 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 941% over the years.

What is the land classification for T.M.P. Nagar Kambar Street?

T.M.P. Nagar Kambar Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for T.M.P. Nagar Kambar Street?

The registration office for T.M.P. Nagar Kambar Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in T.M.P. Nagar Kambar Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at a rate of 7%.