Guideline Value for BOOMBUKAR NAGAR

Boombukar Nagar guideline value

The current guideline value of Boombukar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This locality is situated in Nadukuthagai village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

How the guideline value of Boombukar Nagar has changed

The guideline value for Boombukar Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 1,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures for Boombukar Nagar in the previous years listed. The 2024 revision marks a significant increase from the last known value, reflecting changes in the overall guideline values in the region.

Guideline values in Nadukuthagai

Nadukuthagai village has a total of 35 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,980 per sq.ft as of 2024. The median guideline value in this village is Rs 880 per sq.ft, placing Boombukar Nagar's 2024 figure above this median.

• Brindavanam Garden: Rs 660 per sq.ft (2024)
• Cth Road: Rs 1,980 per sq.ft (2024)
• Devi Nagar Cth Road: Rs 1,980 per sq.ft (2024)
• Annai Indira Nagar: Rs 600 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 600 per sq.ft (2024)
• Gayathri Nagar And Cross Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Boombukar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Boombukar Nagar?

The Sub Registrar Office that covers Boombukar Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nadukuthagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is documented accurately. This helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Boombukar Nagar?

The current guideline value of Boombukar Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 10% from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024.

What is the land classification for Boombukar Nagar?

Boombukar Nagar is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property in Boombukar Nagar?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a property valued at Rs 11,00,000, the total fees would be Rs 99,000.

Which office handles property registrations in Boombukar Nagar?

The Avadi Sub Registrar Office handles property registrations for Boombukar Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.