Guideline Value for Puliambedu Peria Street

Puliambedu Peria Street guideline value

The current guideline value of Puliambedu Peria Street is Rs 2,420 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 - III.

How the guideline value of Puliambedu Peria Street has changed

The guideline value for Puliambedu Peria Street has seen several revisions over the years. In 2017, the value was Rs 1,474 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,420 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 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, with guideline values 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 Peria Street's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puliambedu Peria Street?

The Sub Registrar Office that covers Puliambedu Peria 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 plays a crucial role in the registration process when buying or selling property in Noombal. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Puliambedu Peria Street?

The current guideline value of Puliambedu Peria Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the land classification for Puliambedu Peria Street?

Puliambedu Peria Street is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

Where can I find the registration office for Puliambedu Peria Street?

The registration office for Puliambedu Peria Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Noombal?

Stamp duty for properties in Noombal is calculated based on the higher of the guideline value or the sale price. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.