Guideline Value for BOOPATHY STREET

Boopathy Street guideline value

The current guideline value of Boopathy Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Boopathy Street has changed

The guideline value for Boopathy Street has undergone several revisions over the years. In 2007, the value was set at Rs 900 per sq.ft. This figure saw a significant increase to Rs 4,000 per sq.ft in 2012, marking a change of +344%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, where it increased to Rs 4,400 per sq.ft in 2024, a rise of +10%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Overall, from 2007 to 2024, the guideline value has increased by +389%, reflecting the changes in the real estate landscape over the years.

Guideline values in Puliyur

In Puliyur, there are a total of 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 guideline value for these streets is Rs 5,800 per sq.ft, placing Boopathy Street's 2024 figure below this median.

• Boopathy Nagar: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that 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 Boopathy Street?

Boopathy Street falls under the jurisdiction of 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 is a crucial factor in property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers and sellers should be aware that the guideline value can influence the overall cost of purchasing or selling property in the area.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process aligns with the current market conditions and values.

Frequently asked questions

What is the current guideline value of Boopathy Street?

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

How has the guideline value changed over the years?

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

What is the land classification of Boopathy Street?

Boopathy Street is classified as Residential Class IV Type - II under the Kodambakkam SRO.

Where can I find the Sub Registrar Office for Boopathy Street?

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

How is stamp duty calculated for property transactions in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at a rate of 7%.