Guideline Value for Noombal Erikkarai Street

Noombal Erikkarai Street guideline value

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

How the guideline value of Noombal Erikkarai Street has changed

The guideline value for Noombal Erikkarai Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,090 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,900 per sq.ft. Looking further back, the 2017 revision listed the value at Rs 1,273 per sq.ft, marking a significant increase of 49% to the 2023 figure. There are no figures available for the revisions in 2012, 2007, 2003, and 2002.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This reflects the changes in the property market and the specific valuation of this street over the years.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value among these streets is Rs 2,090 per sq.ft, which is also the guideline value for Noombal Erikkarai Street.

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

Stamp duty and registration fee for property in Noombal Erikkarai 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 fees together 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.

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

Which Sub Registrar Office covers Noombal Erikkarai Street?

Noombal Erikkarai Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are fairly assessed and documented.

Frequently asked questions

What is the current guideline value of Noombal Erikkarai Street?

The current guideline value of Noombal Erikkarai 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 increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Noombal Erikkarai Street?

Noombal Erikkarai Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Noombal Erikkarai Street?

The Kunrathur Sub Registrar Office, which covers Noombal Erikkarai Street, is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 total fees would amount to Rs 1,88,100.