Guideline Value for India Cement Paniyalar Kudiyiruppu

India Cement Paniyalar Kudiyiruppu guideline value

The current guideline value of India Cement Paniyalar Kudiyiruppu is Rs 2,860 per sq.ft, effective from 1 July 2024. This area is located in Noombal village and falls under the Kunrathur SRO. The land classification for this region is Mixed Special Type - I.

How the guideline value of India Cement Paniyalar Kudiyiruppu has changed

The guideline value for India Cement Paniyalar Kudiyiruppu has seen significant changes over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 171 per sq.ft. This increased to Rs 1,742 per sq.ft in 2017, marking a substantial rise of 919%. The value continued to rise, reaching Rs 2,600 per sq.ft in 2023, which is a 49% increase from the previous revision. As of the latest revision in 2024, the guideline value stands at Rs 2,860 per sq.ft, reflecting a 10% increase from 2023.

There are no recorded figures for the years 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 1573%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing India Cement Paniyalar Kudiyiruppu's 2024 figure above this median.

• India Cement Colony: Rs 2,860 per sq.ft (2024)
• Harihand Amara: Rs 2,090 per sq.ft (2024)
• Green Scape: Rs 4,290 per sq.ft (2024)
• Jai Nagar: Rs 1,760 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 1,760 per sq.ft (2024)
• Jay Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in India Cement Paniyalar Kudiyiruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would amount to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total fees together to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers India Cement Paniyalar Kudiyiruppu?

The India Cement Paniyalar Kudiyiruppu area is covered by 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 an important factor when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall transaction costs.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved. It is essential to refer to the latest guideline values to ensure accurate calculations during property transactions.

Frequently asked questions

What is the current guideline value of India Cement Paniyalar Kudiyiruppu?

The current guideline value of India Cement Paniyalar Kudiyiruppu is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2003?

Since 2003, the guideline value has increased from Rs 171 per sq.ft to Rs 2,860 per sq.ft in 2024, which is an overall increase of 1573%.

What was the guideline value in 2023?

The guideline value in 2023 was Rs 2,600 per sq.ft, which represented a 10% increase from the previous year.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in the India Cement Paniyalar Kudiyiruppu area.

How is stamp duty calculated in India Cement Paniyalar Kudiyiruppu?

Stamp duty in India Cement Paniyalar Kudiyiruppu is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty is 7% of the guideline value.