Guideline Value for BOOPATHY NAGAR

Boopathy Nagar guideline value

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

How the guideline value of Boopathy Nagar has changed

The guideline value for Boopathy Nagar has remained stable at Rs 500 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, the register has no figure for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was no change in the guideline value, maintaining a consistent rate of Rs 500 per sq.ft. This stability indicates a steady valuation for the property in this locality.

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, with a median value of Rs 501 per sq.ft. Boopathy Nagar's 2024 figure is below this median.

• Boopathy Nagar Phase-I: 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

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, totaling Rs 45,000. 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?

Boopathy Nagar falls under 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 is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to assess the applicable duties, which are calculated based on the higher of the guideline value or the sale price. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Boopathy Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2023 revision. There have been no figures recorded for Boopathy Nagar in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Boopathy Nagar?

Boopathy Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at 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. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Boopathy Nagar.