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 Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is 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 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 1,320 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The value then rose by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Boothapandian Street's 2024 figure above the median.

• Blue Chip Residency (Kr): Rs 990 per sq.ft (2024)
• B R Nagar (Sa): Rs 550 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 661 per sq.ft (2024)
• Bhuthathalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Bhuthar Nagar (Per): Rs 661 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 amounts to Rs 13,20,000. The stamp duty is charged at 7%, which totals Rs 92,400, and the registration fee is 2%, amounting to Rs 26,400. Therefore, the total cost for stamp duty and registration fee together is Rs 1,18,800. 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 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is established by the government and is periodically revised to reflect changes in the market.

When registering a property, buyers and sellers must consider the guideline value, as it ensures that the transaction is officially recorded and that the appropriate taxes are paid. This process helps in maintaining transparency and legality in property dealings.

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 increased 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?

The land classification for Boothapandian Street (Ward -4) is Residential Special Type - V.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is stamp duty calculated for properties in Boothapandian Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.