Guideline Value for NOOCHILI ROAD

Noochili Road guideline value

The current guideline value of Noochili Road in Beerakupam village is Rs 175 per sq.ft, effective from 1 July 2024. This area falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Noochili Road has changed

The guideline value for Noochili Road has undergone several revisions over the years. In 2007, the value was set at Rs 75 per sq.ft, which increased significantly to Rs 175 per sq.ft in 2012, marking a rise of 133%. However, this value dropped to Rs 117 per sq.ft in 2017, a decrease of 33%. The guideline value then remained at Rs 175 per sq.ft from 2017 until the latest revision in 2024.

From 2023 to 2024, the guideline value remained unchanged at Rs 175 per sq.ft. The overall increase from the 2007 revision to the current 2024 revision is 133%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Beerakupam

In Beerakupam, there are ten streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft, with a median value of Rs 175 per sq.ft. Noochili Road's guideline value aligns with this median.

• Navithar Street: Rs 175 per sq.ft (2024)
• Passukal Battai Street: Rs 150 per sq.ft (2024)
• Kuyavar Street (A) Udayar Street: Rs 175 per sq.ft (2024)
• S.Agraharam New Road: Rs 150 per sq.ft (2024)
• South Street: Rs 150 per sq.ft (2024)
• Gandhi Road (A) S. Agragaram Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Noochili Road

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total charges to Rs 15,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Noochili Road?

Noochili Road is covered by the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Beerakupam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the duties payable, ensuring that the transaction is recorded accurately in accordance with the official rates set by the registration department.

Frequently asked questions

What is the current guideline value of Noochili Road?

The current guideline value of Noochili Road is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 175 per sq.ft. The value increased from Rs 75 per sq.ft in 2007 to Rs 175 per sq.ft in 2012, then dropped to Rs 117 per sq.ft in 2017, before returning to Rs 175 per sq.ft in 2023 and 2024.

What is the stamp duty for property in Noochili Road?

The stamp duty for property in Noochili Road is 7% of the guideline value. For example, for a 1,000 sq.ft plot valued at Rs 1,75,000, the stamp duty would be Rs 12,250.

What is the registration fee for property transactions?

The registration fee for property transactions in Noochili Road is 2% of the guideline value. For a property valued at Rs 1,75,000, the registration fee would be Rs 3,500.

Which office handles registrations for Noochili Road?

The Ramakrishna Rajupettai Sub Registrar Office handles registrations for Noochili Road, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.