Guideline Value for Pallikuppam Kuruku Street

Pallikuppam Kuruku Street guideline value

The current guideline value of Pallikuppam Kuruku Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village and falls under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Pallikuppam Kuruku Street has changed

The guideline value for Pallikuppam Kuruku Street has undergone several revisions over the years. Starting from the 2003 revision, the value was set at Rs 44 per sq.ft. This figure saw a dramatic increase to Rs 1,273 per sq.ft in the 2017 revision, marking a change of +2793%. The value further rose to Rs 1,900 per sq.ft in 2023, which was a +49% increase from the previous revision. The latest revision in 2024 has set the guideline value at Rs 2,090 per sq.ft, reflecting a +10% change from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by +4650%.

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 2024 guideline value for Pallikuppam Kuruku Street.

• Pallikuppam Mayana Road: Rs 2,090 per sq.ft (2024)
• Pallikuppam Perumal Cross Road: Rs 2,090 per sq.ft (2024)
• Pallikuppam Perumal Koil Street: Rs 2,090 per sq.ft (2024)
• Padmavathi Nagar: Rs 2,090 per sq.ft (2024)
• Pada Salai Street: Rs 2,090 per sq.ft (2024)
• Othavadai Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Pallikuppam Kuruku 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, while the registration fee at 2% would be Rs 41,800, bringing the total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallikuppam Kuruku Street?

The Sub Registrar Office that covers Pallikuppam Kuruku Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Noombal. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Both buyers and sellers must be aware that the guideline value is the minimum value at which a property can be registered. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pallikuppam Kuruku Street?

The current guideline value of Pallikuppam Kuruku 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 changed significantly, increasing from Rs 44 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, which is an overall increase of +4650%.

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

Other streets in Noombal with the same guideline value of Rs 2,090 per sq.ft include Pallikuppam Mayana Road, Pallikuppam Perumal Cross Road, Pallikuppam Perumal Koil Street, Padmavathi Nagar, Pada Salai Street, and Othavadai Street.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Pallikuppam Kuruku Street?

The stamp duty for properties in Pallikuppam Kuruku Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 20,90,000 would incur a stamp duty of Rs 1,46,300.