Guideline Value for Periya Street

Periya Street guideline value

The current guideline value of Periya Street in Noombal village under the Kunrathur SRO is Rs 2,090 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - I land classification.

How the guideline value of Periya Street has changed

The guideline value for Periya Street has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 105 per sq.ft, which increased dramatically to Rs 1,273 per sq.ft in the 2017 revision, marking a change of +1112%. Following this, the value rose to Rs 1,900 per sq.ft in the 2023 revision, reflecting a +49% increase. The latest revision in 2024 set the guideline value at Rs 2,090 per sq.ft, an increase of +10% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2007, and 2012 for Periya Street. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by +1890%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with the 2024 guideline values 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 equal to the current value of Periya Street.

• Perumal Koil 2nd Cross Street: Rs 2,090 per sq.ft (2024)
• Perumal Koil 3rd Cross Street: Rs 2,090 per sq.ft (2024)
• Perumal Koil Ist Cross Street: Rs 2,090 per sq.ft (2024)
• Perumal koil Street: Rs 2,090 per sq.ft (2024)
• Perumal Koil Street Kudiyiruppu: Rs 2,090 per sq.ft (2024)
• Pillair Madamthangal Perumal Koil Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Periya 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, and 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Street?

The Sub Registrar Office that covers Periya 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 is a crucial factor when registering property transactions in Noombal. It determines 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 serves as a benchmark for both the buyer and seller. It provides a clear understanding of the property's worth according to government standards, which is essential for legal and financial transactions.

Frequently asked questions

What is the current guideline value of Periya Street?

The current guideline value of Periya 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 105 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, which is an overall increase of +1890%.

What are the stamp duty and registration fees for a property in Periya Street?

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.

Which Sub Registrar Office covers Periya Street?

The Kunrathur Sub Registrar Office covers Periya Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Periya Street?

Periya Street is classified under Residential Special Type - I according to the guideline value register.