A novel 7T carbon nanotube field effect transistor (CNTFET)-based static random-access memory (SRAM) cell is proposed in this paper. Power and noise margin performances of the proposed SRAM cell is observed for write, hold and read operations. The power consumption and noise margin of the proposed SRAM cell is compared with the conventional 6T and 8T CNTFET-based SRAM cells. From the simulation, it is noted that the proposed 7T SRAM cell consumes lesser power and offers high static noise margin (SNM) compared to that of conventional 6T and 8T SRAM cells. The introduction of diode-based transistor structure improves the power and noise performance of the proposed SRAM cell. The effect of variation of parameters such as gate oxide thickness, dielectric constant, pitch, temperature, number of carbon nanotubes (CNT) and supply voltage on power and noise performance of proposed 7T SRAM cell is studied. Simulations were carried out with HSPICE simulation tool using Stanford University 32-nm CNTFET model.