Guideline Value for BOOTHAPANDIAN STREET (WARD -4)

Boothapandian Street (Ward -4) guideline value

The current guideline value of Boothapandian Street (Ward -4) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Boothapandian Street (Ward -4) has changed

The guideline value for Boothapandian Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and then further rose to Rs 1,321 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. The changes between revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Boothapandian Street's 2024 figure above this median.

• Blue Chip Residency (Kr): Rs 990 per sq.ft (2024)
• B R Nagar (Sa): Rs 440 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 660 per sq.ft (2024)
• Bhuthathalwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Bhuthar Nagar (Per): Rs 440 per sq.ft (2024)
• Caldwell Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Boothapandian Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, making the total cost for these fees Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boothapandian Street (Ward -4)?

The Boothapandian Street (Ward -4) 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Boothapandian Street (Ward -4)?

The current guideline value of Boothapandian Street (Ward -4) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification for Boothapandian Street?

Boothapandian Street is classified as Residential Special Type - V, which defines the nature of development allowed in the area.

What are the stamp duty and registration fees for properties on Boothapandian Street?

For a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470 and the registration fee would be Rs 26,420, totaling Rs 1,18,890.

Which office handles the registration for Boothapandian Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Boothapandian Street (Ward -4), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.