Guideline Value for BOOPATHY NAGAR PHASE-II

Boopathy Nagar Phase-II guideline value

The current guideline value of Boopathy Nagar Phase-II is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Karunilam village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Boopathy Nagar Phase-II has changed

According to the register, there have been no figures recorded for Boopathy Nagar Phase-II in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years, which reflects a 0% change from 2023 to 2024.

The current guideline value of Rs 500 per sq.ft is consistent with the previous year's figure, demonstrating stability in the valuation for this street.

Guideline values in Karunilam

In Karunilam, there are 35 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 501 per sq.ft, positioning Boopathy Nagar Phase-II below this median.

• Boopathy Nagar Phase-I: Rs 500 per sq.ft (2024)
• Boopathy Nagar: Rs 500 per sq.ft (2024)
• Chennai Metropolitan Co-Op Society: Rs 700 per sq.ft (2024)
• Dr.Apj Abdulkalam Nagar: Rs 700 per sq.ft (2024)
• A.T.S. Royal Garden: Rs 700 per sq.ft (2024)
• Mahalakshmi nagar: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathy Nagar Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total cost of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Boopathy Nagar Phase-II?

The Chengleput Joint II Sub Registrar Office covers Boopathy Nagar Phase-II. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Karunilam

The guideline value plays a crucial role during the registration of property transactions in Karunilam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate fees for property transactions in the area.

Frequently asked questions

What is the current guideline value of Boopathy Nagar Phase-II?

The current guideline value of Boopathy Nagar Phase-II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Boopathy Nagar Phase-II in the revisions from 2002 to 2017. The guideline value remained at Rs 500 per sq.ft for both the 2023 and 2024 revisions, indicating no change.

What is the median guideline value in Karunilam?

The median guideline value in Karunilam is Rs 501 per sq.ft, with Boopathy Nagar Phase-II's value being below this median at Rs 500 per sq.ft.

What are the stamp duty and registration fees for property in Boopathy Nagar Phase-II?

For a 1,000 sq.ft plot in Boopathy Nagar Phase-II, the total guideline value is Rs 5,00,000. The stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where can I find the Sub Registrar Office for Boopathy Nagar Phase-II?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.