Guideline Value for BOOPATHY NAGAR

Boopathy Nagar guideline value

The current guideline value of Boopathy Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Boopathy Nagar has changed

The guideline value for Boopathy Nagar has seen several revisions over the years. The oldest available figure is from 2007, which was Rs 900 per sq.ft. This value increased significantly to Rs 4,000 per sq.ft in 2012, marking a change of +344%. The guideline value remained steady at Rs 4,000 per sq.ft until the next revision in 2023, when it increased to Rs 4,400 per sq.ft, reflecting a change of +10%.

There are no figures available for the years 2017, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +389%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Boopathy Nagar's 2024 figure below this median.

• Boopathy Street: Rs 4,400 per sq.ft (2024)
• BRINDAVAN 1ST CROSS STREET (West Mambalam): Rs 7,100 per sq.ft (2024)
• BRINDAVAN COLONY (Choolaimedu): Rs 5,800 per sq.ft (2024)
• BRINDAVAN EXTENSION (West Mambalam): Rs 8,000 per sq.ft (2024)
• BRINDAVAN STREET (West Mambalam): Rs 8,200 per sq.ft (2024)
• Budha Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Boopathy Nagar?

The Sub Registrar Office that covers Boopathy Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value serves as a reference point for property transactions in Puliyur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

Additionally, the guideline value helps in maintaining transparency in property transactions, as it provides a clear framework for valuation that both buyers and sellers can rely on during negotiations and formalities.

Frequently asked questions

What is the current guideline value of Boopathy Nagar?

The current guideline value of Boopathy Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 900 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +389% over the years.

What is the land classification of Boopathy Nagar?

Boopathy Nagar is classified as Residential Class IV Type - II, which indicates its designation for residential use.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Boopathy Nagar located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.