Guideline Value for Noombal Salai

Noombal Salai guideline value

The current guideline value of Noombal Salai, located in Noombal village under the Kunrathur SRO, is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Commercial Class I Type - III land classification.

How the guideline value of Noombal Salai has changed

The guideline value for Noombal Salai has undergone several revisions over the years. The earliest recorded figure was Rs 141 per sq.ft in 2003. This value saw a significant increase to Rs 1,474 per sq.ft in the 2017 revision, marking a change of +945%. In 2023, the guideline value further rose to Rs 2,200 per sq.ft, which was a +49% increase from the previous revision. The most recent revision in 2024 set the value at Rs 2,420 per sq.ft, reflecting a +10% change from 2023.

There are no recorded figures for the years 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by +1616%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with guideline values in 2024 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 Salai's 2024 figure above this median.

• Noombal Ponniamman Koil street: Rs 2,090 per sq.ft (2024)
• Noombal Theruveethiamman Koil Street: Rs 2,090 per sq.ft (2024)
• Noombal Mettu Street: Rs 2,090 per sq.ft (2024)
• Noombal Vellalar Street and Main Road: Rs 2,090 per sq.ft (2024)
• Noombal Kumar Street: Rs 2,090 per sq.ft (2024)
• Noombal kannabiran Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Noombal Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total cost to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Noombal Salai?

Noombal Salai is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware that the guideline value may affect the overall cost of the transaction. Buyers should ensure that they are prepared for the associated fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Noombal Salai?

The current guideline value of Noombal Salai is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2003, the guideline value has increased significantly, from Rs 141 per sq.ft to Rs 2,420 per sq.ft in 2024, marking an overall increase of +1616%.

What are the other streets in Noombal and their guideline values?

Other streets in Noombal include Noombal Ponniamman Koil street, Noombal Theruveethiamman Koil Street, Noombal Mettu Street, Noombal Vellalar Street and Main Road, Noombal Kumar Street, and Noombal kannabiran Street, all valued at Rs 2,090 per sq.ft in 2024.

What is the stamp duty rate for property transactions in Noombal Salai?

The stamp duty rate for property transactions in Noombal Salai is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Noombal Salai?

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