Guideline Value for BOODUR GOPALA PURAM

Boodur Gopala Puram guideline value

The current guideline value of Boodur Gopala Puram is Rs 385 per sq.ft, effective from 1 July 2024. This area is located in Boodur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Boodur Gopala Puram has changed

The guideline value for Boodur Gopala Puram has seen several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which then decreased to Rs 234 per sq.ft in the 2017 revision, reflecting a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, reaching Rs 350 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 385 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Boodur

Boodur village has 15 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 257 to Rs 1,150 per sq.ft. The median value is Rs 385 per sq.ft, which is equal to the current guideline value for Boodur Gopala Puram.

• Boodhur Baba Nagar: Rs 385 per sq.ft (2024)
• Boodhur Baba Garden: Rs 385 per sq.ft (2024)
• Bharathi Nagar Annex 1: Rs 385 per sq.ft (2024)
• Bagavathi Nagar: Rs 385 per sq.ft (2024)
• Anbu Nagar: Rs 257 per sq.ft (2024)
• Golden Avenue: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Boodur Gopala Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Boodur Gopala Puram?

The Sub Registrar Office that covers Boodur Gopala Puram is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Boodur Gopala Puram. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or transferred. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property in Boodur, it is essential to consider the guideline value as it directly impacts the overall cost of the transaction. Understanding the current guideline value will help in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Boodur Gopala Puram?

The current guideline value of Boodur Gopala Puram is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 385 per sq.ft in 2024.

What is the registration office for Boodur Gopala Puram?

The registration office for Boodur Gopala Puram is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Boodur Gopala Puram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

What are the other streets in Boodur with similar guideline values?

Other streets in Boodur under the Redhills SRO include Boodhur Baba Nagar, Boodhur Baba Garden, Bharathi Nagar Annex 1, Bagavathi Nagar, Anbu Nagar, and Golden Avenue, all having varying guideline values.