Guideline Value for BOOPATHI NAGAR 1ST CROSS STREET

Boopathi Nagar 1st Cross Street guideline value

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

How the guideline value of Boopathi Nagar 1st Cross Street has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This figure remained unchanged until the 2024 revision, where it increased to Rs 2,200 per sq.ft, marking a significant rise of 64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available are from 2017 and 2024, showing a clear increase in the guideline value over this period. The current rate aligns with the median guideline value of Rs 2,200 per sq.ft for the village of Sholinganallur - 1.

Guideline values in Sholinganallur - 1

In total, there are 754 streets in Sholinganallur - 1 under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value for Boopathi Nagar 1st Cross Street. The following are the guideline values for other streets in Sholinganallur - 1:

• Boopathi Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Boopathi Nagar & Main 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 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please 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 details.

Which Sub Registrar Office covers Boopathi Nagar 1st Cross Street?

The Boopathi Nagar 1st Cross Street is covered by the Neelankarai Sub Registrar Office, 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 an essential factor in property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being transferred. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value helps establish a fair basis for calculating taxes and fees. It is crucial for buyers to be aware of the current guideline value to avoid any discrepancies in their financial planning and transactions.

Frequently asked questions

What is the current guideline value of Boopathi Nagar 1st Cross Street?

The current guideline value of Boopathi Nagar 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which represents a change of 64%.

Are there any years with no guideline value figures for this street?

Yes, the register has no figures for Boopathi Nagar 1st Cross Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for Boopathi Nagar 1st Cross Street?

The Neelankarai Sub Registrar Office covers Boopathi Nagar 1st Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.