Guideline Value for Noombal Mettu Street

Noombal Mettu Street guideline value

The current guideline value of Noombal Mettu 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 Mettu Street has changed

The guideline value for Noombal Mettu Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% increase. 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 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Noombal Mettu Street.

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

Stamp duty and registration fee for property in Noombal Mettu Street

For a 1,000 sq.ft plot at the current guideline value, 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 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 Mettu Street?

The Sub Registrar Office covering Noombal Mettu 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 is a crucial factor in the registration process when buying or selling property in Noombal Mettu Street. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is used to calculate the fees, ensuring that the transaction is recorded accurately and complies with local regulations. Buyers and sellers should be aware of this value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Noombal Mettu Street?

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

How much 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, representing a total increase of 64% over the seven years.

What are the other streets in Noombal with the same guideline value?

Other streets in Noombal that share the same guideline value of Rs 2,090 per sq.ft in 2024 include Noombal Kumar Street, Noombal Ponniamman Koil street, and Noombal kannabiran Street.

What are the stamp duty and registration fees for a property in Noombal Mettu Street?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,46,300, and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Which office handles property registrations in Noombal?

The Kunrathur Sub Registrar Office is responsible for property registrations in Noombal Mettu Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.