Guideline Value for Puliambedu Kulakarai 2nd Street

Puliambedu Kulakarai 2nd Street guideline value

The current guideline value of Puliambedu Kulakarai 2nd 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 Puliambedu Kulakarai 2nd Street has changed

The guideline value for Puliambedu Kulakarai 2nd Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,090 per sq.ft, which is a 10% increase from 2023.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 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 is Rs 2,090 per sq.ft, which is equal to the current value of Puliambedu Kulakarai 2nd Street.

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

Stamp duty and registration fee for property in Puliambedu Kulakarai 2nd 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, making the total cost 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puliambedu Kulakarai 2nd Street?

The Sub Registrar Office that covers Puliambedu Kulakarai 2nd 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 plays a crucial role in property transactions in Noombal. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Puliambedu Kulakarai 2nd Street?

The current guideline value of Puliambedu Kulakarai 2nd 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 an overall increase of 64% over the years.

What is the land classification for Puliambedu Kulakarai 2nd Street?

Puliambedu Kulakarai 2nd Street is classified as Residential Special Type - I.

Which office handles registrations for properties in this area?

The Kunrathur Sub Registrar Office handles property registrations for Puliambedu Kulakarai 2nd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Noombal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.