Guideline Value for NOOMBAL GARDENIA

Noombal Gardenia guideline value

The current guideline value of Noombal Gardenia is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Noombal village under the Kunrathur SRO, classified as Mixed Type - II.

How the guideline value of Noombal Gardenia has changed

The guideline value for Noombal Gardenia has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in the 2023 revision. Notably, the 2017 revision also recorded Rs 3,000 per sq.ft, indicating no change from 2017 to 2023. The overall change from 2017 to 2024 reflects a 10% increase.

For the years prior, the register has no figures for the revisions in 2012, 2007, 2003, and 2002. Therefore, the only recorded figures are from 2017, 2023, and the current 2024 revision, showing a clear upward trend of 10% from 2017 to 2024.

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 the village is Rs 2,090 per sq.ft, placing Noombal Gardenia's 2024 value above this median.

• Noombal Erikkarai Street: Rs 2,090 per sq.ft (2024)
• Noombal kannabiran Street: Rs 2,090 per sq.ft (2024)
• Noombal Erikkarai School Street: Rs 2,090 per sq.ft (2024)
• Noombal Kumar Street: Rs 2,090 per sq.ft (2024)
• Noombal Erikkarai Ist Cross Street: Rs 2,090 per sq.ft (2024)
• Noombal Mettu Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Noombal Gardenia

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, together totaling Rs 2,97,000. 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Noombal Gardenia?

Noombal Gardenia falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Noombal Gardenia, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the Registration Department.

Additionally, the guideline value serves as a reference point for the market, reflecting the official valuation of properties in the area. It is essential for buyers and sellers to be aware of this value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Noombal Gardenia?

The current guideline value of Noombal Gardenia is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, representing a 10% increase. There was no change from 2017 to 2023, with the value remaining at Rs 3,000 per sq.ft during that period.

What is the land classification of Noombal Gardenia?

Noombal Gardenia is classified as Mixed Type - II under the land classification system.

What are the stamp duty and registration fees for buying property in Noombal Gardenia?

The stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Noombal Gardenia?

The Kunrathur Sub Registrar Office handles registrations for Noombal Gardenia, located at No.59, Road Street, Kundrathur, Chennai -600 069.