Guideline Value for Puliambedu Chinna Street

Puliambedu Chinna Street guideline value

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

How the guideline value of Puliambedu Chinna Street has changed

The guideline value for Puliambedu Chinna Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the value further to Rs 2,090 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes observed include a 49% increase from 2017 to 2023, and the overall increase from 2017 to 2024 reflects the rising trend in the guideline value.

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 for these streets is Rs 2,090 per sq.ft, which is equal to the current guideline value for Puliambedu Chinna Street.

• Puliambedu Burial Ground Road: Rs 2,090 per sq.ft (2024)
• Puliambedu Jatjas Colony Main Road: Rs 2,090 per sq.ft (2024)
• Puliambedu A.R.C. 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 Chinna 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, 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puliambedu Chinna Street?

The Sub Registrar Office that covers Puliambedu Chinna Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Noombal

The guideline value plays a crucial role in the property registration process in Noombal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any issues during the registration process.

When purchasing property, the guideline value is often compared with the sale price to establish the applicable fees. The higher of the two values is used to calculate the stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Puliambedu Chinna Street?

The current guideline value for Puliambedu Chinna 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, reflecting an overall increase of 64% over this period.

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 Puliambedu Burial Ground Road, Puliambedu Jatjas Colony Main Road, Puliambedu A.R.C. Road, Puliambedu Kulakarai 2nd Street, Puliambedu Kulakarai 3rd Street, and Puliambedu Kulakarai 4th Street.

What is the stamp duty rate for property in Puliambedu Chinna Street?

The stamp duty rate for property in Puliambedu Chinna Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details online.