Guideline Value for BOOPATHI NAGAR & MAIN STREET

Boopathi Nagar & Main Street guideline value

The current guideline value for Boopathi Nagar & Main Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Sholinganallur - 1 village and falls under the Neelankarai SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Boopathi Nagar & Main Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. With the 2024 revision, this figure increased significantly to Rs 2,200 per sq.ft, marking a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

The most recent revision in 2024 reflects the current market conditions, aligning with the median guideline value of Rs 2,200 per sq.ft for the village. The substantial increase from 2017 to 2024 highlights the changes in property valuation over the years.

Guideline values in Sholinganallur - 1

Sholinganallur - 1 has a total of 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, making Boopathi Nagar & Main Street's 2024 figure equal to this median.

• Boopathi Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Boopathi Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Boopathi Thottam: Rs 1,700 per sq.ft (2024)
• Bharath Nagar (Medavakkam Road): Rs 4,400 per sq.ft (2024)
• Bharath Nagar Annexe.: Rs 3,300 per sq.ft (2024)
• Central Park West & South: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathi Nagar & Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boopathi Nagar & Main Street?

The Neelankarai Sub Registrar Office covers Boopathi Nagar & Main Street. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial reference point when buying or selling property in Sholinganallur - 1. It is used to determine the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair valuation, which is essential for both the buyer and seller. This process helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for Boopathi Nagar & Main Street?

The current guideline value for Boopathi Nagar & Main Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a change of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is the same as the current value for Boopathi Nagar & Main Street.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total fees would amount to Rs 1,98,000.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can also find more information by visiting the relevant link.