Guideline Value for BOOPATHY NAGAR PHASE-I

Boopathy Nagar Phase-I guideline value

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

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

In the revisions recorded, the guideline value for Boopathy Nagar Phase-I has remained consistent at Rs 500 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was no change in the guideline value, maintaining a stable rate of Rs 500 per sq.ft. This consistency indicates that there have been no fluctuations in the guideline value for this street over the past two years.

Guideline values in Karunilam

In Karunilam, there are 35 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 400 to Rs 1,200 per sq.ft, with a median value of Rs 501 per sq.ft. Boopathy Nagar Phase-I's 2024 figure is below this median.

• Boopathy Nagar: Rs 500 per sq.ft (2024)
• Boopathy Nagar Phase-II: 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-I

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, bringing the total charges to Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boopathy Nagar Phase-I?

The Sub Registrar Office that covers Boopathy Nagar Phase-I is the Chengleput Joint II Sub Registrar Office, 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 in the registration process of property transactions in Karunilam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This value is used by the registration authorities to calculate the applicable fees based on the higher of the guideline value or the sale price.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Boopathy Nagar Phase-I has remained at Rs 500 per sq.ft for the 2023 and 2024 revisions, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for properties in Boopathy Nagar Phase-I?

For a plot of 1,000 sq.ft at the current guideline value, 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.

Which Sub Registrar Office covers Boopathy Nagar Phase-I?

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

What is the land classification for Boopathy Nagar Phase-I?

The land classification for Boopathy Nagar Phase-I is Residential Class I Type - I, indicating its designation for residential use.