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Guideline Value

Corporate

Guideline Value for Velappanchavadi Poovai High Road

₹4290/sq.ft.

The guideline value for Velappanchavadi Poovai High Road in Noombal village (Kunrathur SRO, Chennai zone) is Rs 4290 per sq.ft, effective 1 July 2024. It was Rs 3900 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Noombal

Village

Kunrathur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4290 /sq.ft.
From 1-4-2023 ₹3900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2613 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹149 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Velappanchavadi Poovai High Road

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Velappanchavadi Poovai High Road guideline value

The current guideline value of Velappanchavadi Poovai High Road is Rs 4,290 per sq.ft, effective from 1 July 2024. This road is located in Noombal village under the Kunrathur SRO, and the land classification is Commercial Class I Type - I.

How the guideline value of Velappanchavadi Poovai High Road has changed

The guideline value for Velappanchavadi Poovai High Road has seen significant changes over the years. In 2003, the guideline value was Rs 149 per sq.ft. This value increased dramatically to Rs 2,613 per sq.ft in 2017, marking a rise of 1,654%. The next revision in 2023 set the value at Rs 3,900 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 has further increased the guideline value to Rs 4,290 per sq.ft, reflecting a 10% rise from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, the guideline value has increased by 2,779% from 2003 to 2024.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with 2024 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, positioning Velappanchavadi Poovai High Road above this median.

Stamp duty and registration fee for property in Velappanchavadi Poovai High 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 charges to Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Velappanchavadi Poovai High Road?

The Sub Registrar Office that covers Velappanchavadi Poovai High Road 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 component in the property registration process in Noombal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Velappanchavadi Poovai High Road?

The current guideline value of Velappanchavadi Poovai High 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 changed significantly from Rs 149 per sq.ft in 2003 to Rs 4,290 per sq.ft in 2024, marking an overall increase of 2,779% over this period.

What are the stamp duty and registration fees for property on this road?

For a 1,000 sq.ft plot, the total guideline value is Rs 42,90,000. The stamp duty at 7% is Rs 3,00,300, and the registration fee at 2% is Rs 85,800, totaling Rs 3,86,100.

Which office handles property registrations for Velappanchavadi Poovai High Road?

The Kunrathur Sub Registrar Office handles property registrations for Velappanchavadi Poovai High Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to know the guideline value to ensure compliance with local regulations and to calculate the applicable charges accurately.