Guideline Value for Puliambedu Kulakarai Masuthi Street

Puliambedu Kulakarai Masuthi Street guideline value

The current guideline value of Puliambedu Kulakarai Masuthi Street is Rs 4,290 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 Commercial Class I Type - I.

How the guideline value of Puliambedu Kulakarai Masuthi Street has changed

The guideline value for Puliambedu Kulakarai Masuthi Street has seen several revisions over the years. The oldest recorded revision is from 2017, which set the value at Rs 2,613 per sq.ft. This was followed by an increase to Rs 3,900 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 4,290 per sq.ft, reflecting a growth of 10% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The 2024 figure of Rs 4,290 per sq.ft is the highest recorded for this street.

Guideline values in Noombal

Noombal village features a range of guideline values across its 164 streets under the Kunrathur SRO, with figures for 2024 ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, positioning Puliambedu Kulakarai Masuthi Street above this median.

• Puliambedu Kulakarai Ist Street: Rs 2,090 per sq.ft (2024)
• Puliambedu Main Road: Rs 4,290 per sq.ft (2024)
• Puliambedu Kulakarai 4th Street: Rs 2,090 per sq.ft (2024)
• Puliambedu Peria Street: Rs 2,420 per sq.ft (2024)
• Puliambedu Kulakarai 3rd Street: Rs 2,090 per sq.ft (2024)
• Puliambedu -Pillair Madamthangal Road: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Puliambedu Kulakarai Masuthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value amounts to Rs 42,90,000. The stamp duty at 7% would be Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, bringing the total to Rs 3,86,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Puliambedu Kulakarai Masuthi Street?

The Sub Registrar Office that covers Puliambedu Kulakarai Masuthi 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 an essential factor in the registration process when buying or selling property in Noombal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is documented at a value that reflects the current market conditions. This helps maintain transparency in property transactions and ensures that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Puliambedu Kulakarai Masuthi Street?

The current guideline value of Puliambedu Kulakarai Masuthi Street is Rs 4,290 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 2,613 per sq.ft to Rs 4,290 per sq.ft in 2024. This reflects a total increase of 64% over the period.

What are the other streets in Noombal and their guideline values?

Other streets in Noombal include Puliambedu Kulakarai Ist Street at Rs 2,090 per sq.ft, Puliambedu Main Road at Rs 4,290 per sq.ft, and several others with varying values. The complete list is available above.

What is the stamp duty rate for properties in Puliambedu Kulakarai Masuthi Street?

The stamp duty rate for properties in this area is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration process.

Where can I find the Sub Registrar Office for Puliambedu Kulakarai Masuthi Street?

The Sub Registrar Office for this street is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details about your SRO through the provided link.