Guideline Value for Noombal Vellalar Street and Main Road

Noombal Vellalar Street and Main Road guideline value

The current guideline value of Noombal Vellalar Street and Main Road 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 Vellalar Street and Main Road has changed

The guideline value for Noombal Vellalar Street and Main Road has undergone several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased the value to Rs 2,090 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no registered figures for this street in the years 2002, 2003, 2007, and 2012. The significant changes between the revisions highlight the evolving guideline value in the area.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO carrying a 2024 guideline value 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 value of Noombal Vellalar Street and Main Road.

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

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 cost to Rs 1,88,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Noombal Vellalar Street and Main Road?

The Sub Registrar Office that covers Noombal Vellalar Street and Main Road 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 during property registration in Noombal. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Noombal Vellalar Street and Main Road?

The current guideline value of Noombal Vellalar Street and Main Road 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 represents an overall increase of 64% from 2017 to 2024.

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

Other streets in Noombal include Noombal Theruveethiamman Koil Street, Noombal Salai, Noombal Ponniamman Koil street, Noombal Mettu Street, Noombal Kumar Street, and Noombal kannabiran Street, with values ranging from Rs 2,090 to Rs 2,420 per sq.ft.

What fees are associated with buying property in Noombal?

When buying property in Noombal, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 1,88,100.

Which office handles property registrations in Noombal?

The Kunrathur Sub Registrar Office handles property registrations for Noombal Vellalar Street and Main Road. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.