Guideline Value for Puliambedu A.R.C. Road

Puliambedu A.R.C. Road guideline value

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

How the guideline value of Puliambedu A.R.C. Road has changed

The guideline value for Puliambedu A.R.C. Road has seen significant changes over the years. The earliest recorded revision was in 2017, where the value was Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in 2023, marking a 49% rise. The latest 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 carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the current guideline value for Puliambedu A.R.C. Road.

• Puliambedu Burial Ground Road: Rs 2,090 per sq.ft (2024)
• Puliambedu Chinna Street: Rs 2,090 per sq.ft (2024)
• Puliambedu Jatjas Colony Main Road: Rs 2,090 per sq.ft (2024)
• Puliambedu Kulakarai 2nd Street: Rs 2,090 per sq.ft (2024)
• Puliambedu Kulakarai 3rd Street: Rs 2,090 per sq.ft (2024)
• Puliambedu Kulakarai 4th Street: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Puliambedu A.R.C. 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. Together, the total cost for stamp duty and registration would be Rs 1,88,100. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Puliambedu A.R.C. Road?

The Sub Registrar Office that covers Puliambedu A.R.C. 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 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 applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

During the registration process, the guideline value helps maintain transparency and standardization in property transactions. It is essential for buyers and sellers to be informed about the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Puliambedu A.R.C. Road?

The current guideline value of Puliambedu A.R.C. Road is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the stamp duty rate for properties in Puliambedu A.R.C. Road?

The stamp duty rate for properties in Puliambedu A.R.C. Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

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

How can I calculate the registration fees for my property?

You can calculate the registration fees using the stamp duty and registration fee calculator available online.