Guideline Value for Drowpathi Amman Koil Street

Drowpathi Amman Koil Street guideline value

The current guideline value of Drowpathi Amman Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Noombal village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Drowpathi Amman Koil Street has changed

The guideline value of Drowpathi Amman Koil Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Drowpathi Amman Koil Street's 2024 figure below that median.

• Earikari Street: Rs 1,760 per sq.ft (2024)
• Dhanalakshmi Enclave: Rs 4,290 per sq.ft (2024)
• Devi Karumariyamman Nagar: Rs 1,980 per sq.ft (2024)
• Crystal Garden Phase I: Rs 1,760 per sq.ft (2024)
• Chettiyar Agaram Salai: Rs 2,090 per sq.ft (2024)
• Chellammal Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Drowpathi Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. 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 information.

Which Sub Registrar Office covers Drowpathi Amman Koil Street?

The Sub Registrar Office that covers Drowpathi Amman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Noombal. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized and recorded.

When buying or selling property, it is essential to refer to the current guideline value, as it impacts the overall cost of the transaction. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Drowpathi Amman Koil Street?

The current guideline value of Drowpathi Amman Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Drowpathi Amman Koil Street?

Drowpathi Amman Koil Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the registration office for Drowpathi Amman Koil Street?

The registration office for Drowpathi Amman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Noombal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,23,200 at 7% of Rs 17,60,000.