Guideline Value for Pillair Madamthangal Perumal Koil Street

Pillair Madamthangal Perumal Koil Street guideline value

The current guideline value of Pillair Madamthangal 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, classified as Residential Special Type - I.

How the guideline value of Pillair Madamthangal Perumal Koil Street has changed

The guideline value of Pillair Madamthangal Perumal Koil Street has seen several revisions over the years. The oldest recorded revision is from 2017, with a guideline value of Rs 1,273 per sq.ft. This figure increased significantly to Rs 1,900 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, 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 that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value is Rs 2,090 per sq.ft, which is equal to the current guideline value of Pillair Madamthangal Perumal Koil Street.

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

Stamp duty and registration fee for property in Pillair Madamthangal 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, bringing the total to Rs 1,88,100. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pillair Madamthangal Perumal Koil Street?

The Sub Registrar Office covering Pillair Madamthangal 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 is a crucial factor in property transactions in Noombal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties comply with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process. This value helps in establishing a fair basis for the transaction, providing clarity and transparency in property dealings.

Frequently asked questions

What is the current guideline value of Pillair Madamthangal Perumal Koil Street?

The current guideline value of Pillair Madamthangal 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 increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in this area?

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 is responsible for this street?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, is responsible for Pillair Madamthangal Perumal Koil Street.

What is the land classification for this street?

Pillair Madamthangal Perumal Koil Street is classified as Residential Special Type - I, indicating its suitability for residential development.