Guideline Value for Noombal Erikkarai Ist Cross Street

Noombal Erikkarai Ist Cross Street guideline value

The current guideline value of Noombal Erikkarai Ist Cross Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Noombal Erikkarai Ist Cross Street has changed

The guideline value for Noombal Erikkarai Ist Cross Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Noombal

In Noombal, there are 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value is Rs 2,090 per sq.ft, which is equal to the 2024 figure for Noombal Erikkarai Ist Cross Street. Below are other streets in Noombal:

• Noombal Erikkarai 2nd Cross Street: Rs 2,090 per sq.ft (2024)
• Noombal Erikkarai School Street: Rs 2,090 per sq.ft (2024)
• Noombal Church Street: Rs 1,870 per sq.ft (2024)
• Noombal Erikkarai Street: Rs 2,090 per sq.ft (2024)
• Noombal Gardenia: Rs 3,300 per sq.ft (2024)
• Noombal kannabiran Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Noombal Erikkarai Ist Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total cost to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Noombal Erikkarai Ist Cross Street?

The Noombal Erikkarai Ist Cross Street 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 critical factor during the registration of property transactions in Noombal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is sold, the guideline value helps determine the appropriate taxes that need to be paid. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Noombal Erikkarai Ist Cross Street?

The current guideline value of Noombal Erikkarai Ist Cross Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,273 per sq.ft in 2017 to Rs 1,900 per sq.ft in 2023, and then to Rs 2,090 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Noombal Erikkarai Ist Cross Street?

Noombal Erikkarai Ist Cross Street is classified as Residential Special Type - I. This classification indicates the type of development permissible in the area.

How is 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, for a property valued at Rs 20,90,000, the stamp duty at 7% would be Rs 1,46,300.

Where can I find the Sub Registrar Office for Noombal Erikkarai Ist Cross Street?

The Kunrathur Sub Registrar Office, which covers Noombal Erikkarai Ist Cross Street, is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about it online.