Guideline Value for Seriya Street

Seriya Street guideline value

The current guideline value of Seriya Street in Noombal village, under the Kunrathur SRO, is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Seriya Street has changed

The guideline value for Seriya Street has seen significant changes over the years. In the 2003 revision, the value was Rs 87 per sq.ft, which increased to Rs 1,273 per sq.ft in 2017, marking a substantial rise of 1363%. From 2017 to 2023, the value further increased by 49%, reaching Rs 1,900 per sq.ft. The current 2024 revision shows another increase of 10%, bringing the value to Rs 2,090 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 2302%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO with the 2024 guideline values 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 guideline value of Seriya Street.

• Serasa Eden: Rs 4,290 per sq.ft (2024)
• Shanmuga Nagar: Rs 2,420 per sq.ft (2024)
• Shanmuga Nagar Annexe: Rs 2,420 per sq.ft (2024)
• Selva Ganapathy Nagar: Rs 2,090 per sq.ft (2024)
• S.H.M. Nagar: Rs 2,090 per sq.ft (2024)
• Sokkalingam Nagar: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Seriya 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, bringing the total fees to Rs 1,88,100. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seriya Street?

The Sub Registrar Office that covers Seriya 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 of property transactions in Noombal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property in Noombal, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Seriya Street?

The current guideline value of Seriya Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 87 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, which is an overall increase of 2302%.

What are the stamp duty and registration fees for property in Seriya Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 20,90,000. The stamp duty at 7% is Rs 1,46,300, and the registration fee at 2% is Rs 41,800, totaling Rs 1,88,100.

Which Sub Registrar Office covers Seriya Street?

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

What is the land classification for Seriya Street?

Seriya Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.