Guideline Value for Thiru Nagar Kambar Street

Thiru Nagar Kambar Street guideline value

The current guideline value of Thiru Nagar Kambar Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class III Type - II.

How the guideline value of Thiru Nagar Kambar Street has changed

Since the 2007 revision, the guideline value has seen significant changes. The 2007 revision recorded a value of Rs 1,210 per sq.ft, which increased to Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw a further increase to Rs 4,900 per sq.ft, marking a 9% rise from the previous year's figure.

Overall, from 2007 to 2024, the guideline value has increased by 305%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current value of Thiru Nagar Kambar Street.

• Thiru Nagar Periyar Street: Rs 4,900 per sq.ft (2024)
• Thirunavukkarasar Cross Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thirunavukkarasu Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Thirumurugan Street Block 93: Rs 2,700 per sq.ft (2024)
• Thirumalai Street (Kodambakkam Salai): Rs 3,300 per sq.ft (2024)
• Thiruvalluvar 2nd Street (NP): Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Nagar Kambar Street?

The Thiru Nagar Kambar Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated based on an established value.

When buying or selling property, the guideline value helps in assessing the legal obligations associated with the transaction. It is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Thiru Nagar Kambar Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305% over this period.

What is the stamp duty for properties on Thiru Nagar Kambar Street?

The stamp duty for properties on Thiru Nagar Kambar Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for Thiru Nagar Kambar Street?

The Ashok Nagar Sub Registrar Office covers Thiru Nagar Kambar Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam have varying guideline values, with rates ranging from Rs 2,200 to Rs 11,000 per sq.ft. For example, Thiru Nagar Periyar Street has a guideline value of Rs 4,900 per sq.ft in 2024.