Guideline Value for Theruvadhiyamman Koil Street

Theruvadhiyamman Koil Street guideline value

The current guideline value of Theruvadhiyamman Koil 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 Street has changed

The guideline value for Theruvadhiyamman Koil Street has seen significant changes over the years. In the 2003 revision, the value was Rs 97 per sq.ft. This increased dramatically to Rs 1,273 per sq.ft in the 2017 revision, marking a change of +1212%. The value continued to rise, reaching Rs 1,900 per sq.ft in 2023, which was a +49% increase from 2017. The current guideline value of Rs 2,090 per sq.ft in the 2024 revision reflects a +10% increase from the previous year.

There are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by +2055%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value 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, which is equal to the current value of Theruvadhiyamman Koil Street.

• Theruvadhiyamman Koil Ist Cross street: Rs 2,090 per sq.ft (2024)
• Theruvadhiyamman Koil 4th Cross street: Rs 2,090 per sq.ft (2024)
• Theruvadhiyamman Koil 3rd Cross street: Rs 2,090 per sq.ft (2024)
• Theruvadhiyamman Koil 2nd Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. Please note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Theruvadhiyamman Koil Street?

The Sub Registrar Office that covers Theruvadhiyamman Koil 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 a crucial factor when registering property transactions in Noombal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property registration process.

When you buy or sell property, the guideline value will be considered alongside the sale price. The higher of the two will be used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Theruvadhiyamman Koil Street?

The current guideline value of Theruvadhiyamman Koil 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 increased significantly from Rs 97 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, marking an overall increase of +2055%.

What is the land classification for Theruvadhiyamman Koil Street?

The land classification for Theruvadhiyamman Koil Street is Residential Special Type - I.

Where can I find the registration office for this area?

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

How are stamp duties calculated for properties in Noombal?

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