Guideline Value for BOOPATHI NAGAR

Boopathi Nagar guideline value

The current guideline value of Boopathi Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Boopathi Nagar has changed

Over the years, the guideline value of Boopathi Nagar has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 2,010 per sq.ft. This was followed by a significant increase to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kilkattalai

Kilkattalai has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, making Boopathi Nagar's 2024 figure of Rs 3,300 per sq.ft above the median.

• Boopathi Nagar, Raja Rajeswari Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Boopathi Nagar?

The Sub Registrar Office that covers Boopathi Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kilkattalai. It determines the baseline value of the property for the purpose of calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring compliance with local regulations and accurate assessment of property value.

Frequently asked questions

What is the current guideline value of Boopathi Nagar?

The current guideline value of Boopathi Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 3,000 to Rs 3,300 per sq.ft in 2024, with notable increases and decreases in between, including a decrease to Rs 2,010 in 2017 and an increase to Rs 3,000 in 2023.

What is the land classification for Boopathi Nagar?

The land classification for Boopathi Nagar is Mixed Type - II, which indicates the type of development permitted in the area.

Where can I find the Sub Registrar Office for Boopathi Nagar?

The Sub Registrar Office for Boopathi Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Boopathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.