Guideline Value for Noombal Kumar Street

Noombal Kumar Street guideline value

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

How the guideline value of Noombal Kumar Street has changed

The guideline value for Noombal Kumar Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft. This increased significantly to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 guideline value for Noombal Kumar Street is equal to the median value of Rs 2,090 per sq.ft for the village.

• Noombal kannabiran Street: Rs 2,090 per sq.ft (2024)
• Noombal Mettu Street: Rs 2,090 per sq.ft (2024)
• Noombal Gardenia: Rs 3,300 per sq.ft (2024)
• Noombal Ponniamman Koil street: Rs 2,090 per sq.ft (2024)
• Noombal Erikkarai Street: Rs 2,090 per sq.ft (2024)
• Noombal Salai: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Noombal Kumar 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, making the total cost Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Noombal Kumar Street?

The Sub Registrar Office that covers Noombal Kumar Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Noombal. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is assessed to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Noombal Kumar Street?

The current guideline value of Noombal Kumar 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 now to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in Noombal Kumar Street?

For a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Which Sub Registrar Office covers Noombal Kumar Street?

The Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069, covers Noombal Kumar Street.

What is the land classification for Noombal Kumar Street?

Noombal Kumar Street falls under the land classification of Residential Special Type - I.