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 Sattamangalam village 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. The 2012 revision set the guideline value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision raised it to Rs 1,200 per sq.ft, and the most recent 2024 revision increased it further to Rs 1,320 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

Between the revisions, notable changes include a 33% decrease from 2012 to 2017, followed by a significant increase of 49% from 2017 to 2023. The guideline value saw a 10% increase from 2023 to 2024, resulting in an overall increase of 10% from the 2012 figure to the current 2024 value.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 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 area is Rs 1,100 per sq.ft, making Boothapandian Street's 2024 figure above that median.

• Blue Chip Residency (Kr): Rs 990 per sq.ft (2024)
• B R Nagar (Sa): Rs 660 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 amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Please note that duty is charged on the higher of the guideline value or the sale price.

To calculate your stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

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

Boothapandian Street (Ward -4) falls under 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 Sattamangalam

The guideline value is a crucial factor when registering property transactions in Sattamangalam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure a smooth transaction process and compliance with local regulations.

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 back to Rs 1,200 per sq.ft in 2023, and currently stands at 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, indicating its designated use for residential purposes.

What is the registration office for Boothapandian Street?

The Chengleput Joint II Sub Registrar Office covers Boothapandian Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions?

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