Guideline Value for Pallikuppam Perumal Cross Road

Pallikuppam Perumal Cross Road guideline value

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

How the guideline value of Pallikuppam Perumal Cross Road has changed

The guideline value for Pallikuppam Perumal Cross Road has seen significant changes over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,273 per sq.ft. This value increased to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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. The median guideline value for these streets is Rs 2,090 per sq.ft, which matches the current value for Pallikuppam Perumal Cross Road.

• Pallikuppam Mayana Road: Rs 2,090 per sq.ft (2024)
• Pallikuppam Perumal Koil Street: Rs 2,090 per sq.ft (2024)
• Pallikuppam Kuruku 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 Perumal Cross Road

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, and the registration fee at 2% would be Rs 41,800, bringing the total cost together to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallikuppam Perumal Cross Road?

The Sub Registrar Office that covers Pallikuppam Perumal Cross 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 in the registration process when buying or selling property in Noombal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the market conditions and the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Pallikuppam Perumal Cross Road?

The current guideline value of Pallikuppam Perumal Cross 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 increased 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 the same guideline value?

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

What are the stamp duty and registration fees for property in Pallikuppam Perumal Cross Road?

For a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300, and the registration fee would be Rs 41,800, totaling Rs 1,88,100. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers properties in Noombal?

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