Guideline Value for Perumal Koil 3rd Cross Street

Perumal Koil 3rd Cross Street guideline value

The current guideline value of Perumal Koil 3rd Cross Street is Rs 2,090 per sq.ft. This street is located in Noombal village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Perumal Koil 3rd Cross Street has changed

The guideline value for Perumal Koil 3rd Cross Street has seen several revisions over the years. The 2017 revision set the guideline value at Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in the 2023 revision, representing a 49% rise. The latest revision in 2024 raised the value further to Rs 2,090 per sq.ft, marking 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 does not contain 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 current guideline value of Perumal Koil 3rd Cross Street at Rs 2,090 per sq.ft is equal to the median value for the village.

• Perumal Koil 2nd Cross Street: Rs 2,090 per sq.ft (2024)
• Perumal Koil Ist Cross Street: Rs 2,090 per sq.ft (2024)
• Periya 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 Perumal Koil 3rd Cross 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perumal Koil 3rd Cross Street?

The Sub Registrar Office that covers Perumal Koil 3rd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. 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 for stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transfers.

When buying or selling property, the guideline value helps establish a fair value for the transaction, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Koil 3rd Cross Street?

The current guideline value of Perumal Koil 3rd Cross Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 1,273 per sq.ft to Rs 2,090 per sq.ft in 2024. The most recent change was a 10% increase from 2023 to 2024.

Where can I find the registration office for Noombal?

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

What are the stamp duty rates for properties in Noombal?

The stamp duty for properties in Noombal is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

How is the guideline value determined for streets in Noombal?

The guideline value for streets in Noombal is determined by the Registration Department's guideline value register. It reflects the current market conditions and is revised periodically.