Guideline Value for BOOTHAPANDIAN STREET (WARD -4)

Boothapandian Street (Ward -4) guideline value

The current guideline value of Boothapandian Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO, and it is 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. The earliest available figure is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,320 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007.

Between revisions, there have been significant changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it saw a substantial increase of 49%. The latest revision from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, making Boothapandian Street's current value of Rs 1,320 per sq.ft higher than the 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 1,320 per sq.ft (2024)
• Bhuthar Nagar (Per): Rs 440 per sq.ft (2024)
• Caldwell Street (Ward -7): Rs 1,320 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Boothapandian Street (Ward -4) 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 Panangottur

The guideline value is a crucial factor when registering property transactions in Panangottur. 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 a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process reflects the true value of the property being transferred.

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 1,320 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 to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Boothapandian Street?

Boothapandian Street is classified as Residential Special Type - V under the guideline value register.

What are the stamp duty and registration fees for property in Boothapandian Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Boothapandian Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.