Guideline Value for BOOPATHI NAGAR MAIN ROAD

Boopathi Nagar Main Road guideline value

The current guideline value of Boopathi Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Boopathi Nagar Main Road has changed

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This figure increased to Rs 2,200 per sq.ft in the 2024 revision, marking a significant change of +64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions that reflect a guideline value for Boopathi Nagar Main Road are from 2017 and 2024. The substantial increase from 2017 to 2024 highlights the changes in the property valuation for this area.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Boopathi Nagar Main Road.

• Boopathi Nagar 1st Cross Street: 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 Main Road

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, totaling Rs 1,98,000. It is important to note that 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 Road?

The Sub Registrar Office that covers Boopathi Nagar Main Road is 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 a crucial factor in the registration process of property transactions in Sholinganallur - 1. It serves as the minimum value for which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the market conditions as determined by the Registration Department. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Boopathi Nagar Main Road?

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

How much has the guideline value changed since 2017?

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

What is the land classification for Boopathi Nagar Main Road?

Boopathi Nagar Main Road is classified as Residential Class II Type - III under the Neelankarai SRO.

Where can I find the registration office for Boopathi Nagar Main Road?

The registration office for Boopathi Nagar Main Road is the Neelankarai Sub Registrar Office, 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 Sholinganallur - 1?

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