Guideline Value for BOAG ROAD

Boag Road guideline value

The current guideline value of Boag Road is Rs 17,600 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO and is classified as Commercial Special Type - III.

How the guideline value of Boag Road has changed

The guideline value for Boag Road has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 16,000 per sq.ft. This was followed by a decrease to Rs 10,720 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 16,000 per sq.ft. The latest revision in 2024 saw another increase of 10%, resulting in the current value of Rs 17,600 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for Boag Road. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, making Boag Road's 2024 figure of Rs 17,600 above this median.

• B.N.REDDY ROAD 3rd STREET: Rs 9,400 per sq.ft (2024)
• B.N.REDDY ROAD 3rd LANE: Rs 5,500 per sq.ft (2024)
• B.N.REDDY ROAD 2nd STREET: Rs 9,400 per sq.ft (2024)
• B.N.REDDY ROAD 2nd LANE: Rs 5,500 per sq.ft (2024)
• B.N.REDDY ROAD 1st STREET: Rs 9,400 per sq.ft (2024)
• B.N.REDDY ROAD 1st LANE: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Boag Road

For a 1,000 sq.ft plot at the current guideline value of Rs 17,600 per sq.ft, the total guideline value amounts to Rs 1,76,00,000. The stamp duty at 7% would be Rs 12,32,000, and the registration fee at 2% would be Rs 3,52,000, totaling Rs 15,84,000. It is important to 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 precise calculations based on your property details.

Which Sub Registrar Office covers Boag Road?

The Sub Registrar Office that covers Boag Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Tnagar. It is used as a benchmark for calculating the stamp duty and registration fees when a property is bought or sold. The guideline value is determined by the government and is subject to periodic revisions based on various factors.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the market conditions of the area.

Frequently asked questions

What is the current guideline value of Boag Road?

The current guideline value of Boag Road is Rs 17,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 16,000 per sq.ft in 2012 to Rs 10,720 per sq.ft in 2017, then increased to Rs 16,000 per sq.ft in 2023, and finally to Rs 17,600 per sq.ft in 2024.

What is the land classification for Boag Road?

Boag Road is classified as Commercial Special Type - III under the Thiyagaraya nagar SRO.

How does the guideline value compare with other streets in Tnagar?

The guideline value of Boag Road at Rs 17,600 per sq.ft is above the median value of Rs 11,000 per sq.ft for the 262 streets in Tnagar under the Thiyagaraya nagar SRO.

Where can I find the Sub Registrar Office for Boag Road?

The Sub Registrar Office covering Boag Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.