Guideline Value for Puliambedu Main Road

Puliambedu Main Road guideline value

The current guideline value of Puliambedu Main Road in Noombal village, under the Kunrathur SRO, is Rs 4,290 per sq.ft, effective from 1 July 2024. This property falls under the Commercial Class I Type - I land classification.

How the guideline value of Puliambedu Main Road has changed

The guideline value for Puliambedu Main Road has seen significant changes over the years. In the 2017 revision, the value was Rs 2,613 per sq.ft. This increased to Rs 3,900 per sq.ft in the 2023 revision, marking a 49% rise. The current value in the 2024 revision is Rs 4,290 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012.

Guideline values in Noombal

Noombal village has 164 streets under the Kunrathur SRO that carry a guideline value 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, placing Puliambedu Main Road's 2024 figure significantly above this median.

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

Stamp duty and registration fee for property in Puliambedu Main Road

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 fees to Rs 3,86,100. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Puliambedu Main Road?

The Puliambedu Main Road falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find more details about your SRO, you can visit 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 registration process when buying or selling property in Noombal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Puliambedu Main Road?

The current guideline value of Puliambedu Main Road is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,613 per sq.ft in 2017 to Rs 4,290 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties on Puliambedu Main Road?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 42,90,000. The stamp duty would be Rs 3,00,300 and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Which Sub Registrar Office covers Puliambedu Main Road?

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

What is the median guideline value for streets in Noombal?

The median guideline value for the 164 streets in Noombal is Rs 2,090 per sq.ft, with Puliambedu Main Road's value being above this median.