Guideline Value for Theruvadhiyamman Koil 3rd Cross street

Theruvadhiyamman Koil 3rd Cross street guideline value

The current guideline value of Theruvadhiyamman Koil 3rd Cross street is Rs 2,090 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 Residential Special Type - I.

How the guideline value of Theruvadhiyamman Koil 3rd Cross street has changed

The guideline value for Theruvadhiyamman Koil 3rd Cross street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision. The latest 2024 revision has further raised the value to Rs 2,090 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that the register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a substantial rise in property values during that period.

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 value for these streets is Rs 2,090 per sq.ft, which is the same as the current value for Theruvadhiyamman Koil 3rd Cross street.

• Theruvadhiyamman Koil 2nd Cross Street: Rs 2,090 per sq.ft (2024)
• Theruvadhiyamman Koil 4th Cross street: Rs 2,090 per sq.ft (2024)
• Theruvadhiyamman Koil Ist Cross street: Rs 2,090 per sq.ft (2024)
• Theruvadhiyamman Koil Street: Rs 2,090 per sq.ft (2024)
• Thiruverkadu Co-op Nagar Phase I: Rs 2,420 per sq.ft (2024)
• Thiruverkadu Co-op Nagar Phase II: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Theruvadhiyamman Koil 3rd Cross street

For a 1,000 sq.ft plot at the current rate of Rs 2,090 per sq.ft, the 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, totaling 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theruvadhiyamman Koil 3rd Cross street?

The Sub Registrar Office that covers Theruvadhiyamman Koil 3rd Cross street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Noombal

The guideline value plays a crucial role in the registration process 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 government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Theruvadhiyamman Koil 3rd Cross street?

The current guideline value of Theruvadhiyamman Koil 3rd Cross 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 changed from Rs 1,273 per sq.ft in 2017 to Rs 1,900 per sq.ft in 2023, and now to Rs 2,090 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for Theruvadhiyamman Koil 3rd Cross street?

The land classification for Theruvadhiyamman Koil 3rd Cross street is Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the registration office for this area?

The registration office for Theruvadhiyamman Koil 3rd Cross 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 is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 20,90,000 would incur a stamp duty of Rs 1,46,300 at 7%.