Guideline Value for Noombal Theruveethiamman Koil Street

Noombal Theruveethiamman Koil Street guideline value

The current guideline value of Noombal Theruveethiamman Koil 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 Theruveethiamman Koil Street has changed

The guideline value for Noombal Theruveethiamman Koil Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% increase. As of the 2024 revision, the value further increased by 10% to Rs 2,090 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Noombal

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

• Noombal Salai: Rs 2,420 per sq.ft (2024)
• Noombal Vellalar Street and Main Road: Rs 2,090 per sq.ft (2024)
• Noombal Ponniamman Koil street: Rs 2,090 per sq.ft (2024)
• Noombal Mettu Street: 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 Theruveethiamman Koil 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.

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

Which Sub Registrar Office covers Noombal Theruveethiamman Koil Street?

The Sub Registrar Office that covers Noombal Theruveethiamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific 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 process of property transactions in Noombal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, it is essential to be aware of the guideline value as it affects the stamp duty and registration fees. These charges are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Noombal Theruveethiamman Koil Street?

The current guideline value of Noombal Theruveethiamman Koil 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 reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for Noombal Theruveethiamman Koil Street?

Noombal Theruveethiamman Koil Street is classified as Residential Special Type - I. This classification is important for understanding the zoning and permissible uses of the land.

Where can I find the registration office for Noombal Theruveethiamman Koil Street?

The registration office for Noombal Theruveethiamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Noombal?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 at a rate of 7%.