Guideline Value for Pallikuppam Perumal Koil Street

Pallikuppam Perumal Koil Street guideline value

The current guideline value of Pallikuppam Perumal 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, and the land classification is Residential Special Type - I.

How the guideline value of Pallikuppam Perumal Koil Street has changed

The guideline value for Pallikuppam Perumal Koil Street has seen significant changes over the years. In 2003, the guideline value was Rs 81 per sq.ft, which increased to Rs 1,273 per sq.ft in 2017, marking a substantial rise of 1,472%. Following this, the value rose to Rs 1,900 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The latest revision in 2024 sets the guideline value at Rs 2,090 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2007, and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 2,480%.

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 guideline value is Rs 2,090 per sq.ft, which is the same as the guideline value for Pallikuppam Perumal Koil Street.

• Pallikuppam Perumal Cross Road: Rs 2,090 per sq.ft (2024)
• Pallikuppam Mayana Road: 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 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 for these fees 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallikuppam Perumal Koil Street?

The Sub Registrar Office that covers Pallikuppam Perumal Koil Street 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 that need to be paid, ensuring that the transaction is officially recorded and recognized by the government.

When a property is sold, the buyer and seller must refer to the guideline value to ascertain the applicable fees. This ensures transparency and compliance with legal requirements during the property transaction process.

Frequently asked questions

What is the current guideline value of Pallikuppam Perumal Koil Street?

The current guideline value of Pallikuppam Perumal 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 significantly, from Rs 81 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 2,480%.

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

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

What fees are associated with buying property in Pallikuppam Perumal Koil Street?

When buying property, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, these fees total Rs 1,88,100.

Where can I find the Sub Registrar Office for Pallikuppam Perumal Koil Street?

The Kunrathur Sub Registrar Office covers Pallikuppam Perumal Koil Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069.