Guideline Value for Noombal kannabiran Street

Noombal kannabiran Street guideline value

The current guideline value of Noombal kannabiran 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 kannabiran Street has changed

The guideline value for Noombal kannabiran Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 1,273 per sq.ft. This figure increased to Rs 1,900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has 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 there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Noombal

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

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

Stamp duty and registration fee for property in Noombal kannabiran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, while the registration fee at 2% would be Rs 41,800. Together, the total cost for stamp duty and registration would be 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Noombal kannabiran Street?

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

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

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

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal complications during the transaction.

Frequently asked questions

What is the current guideline value of Noombal kannabiran Street?

The current guideline value of Noombal kannabiran 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 significantly from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Noombal kannabiran Street?

Noombal kannabiran Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 20,90,000, leading to a stamp duty of Rs 1,46,300 and a registration fee of Rs 41,800, totaling Rs 1,88,100.

Which office handles the registration for Noombal kannabiran Street?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles the registration for Noombal kannabiran Street.