Guideline Value for BOSE NAGAR ANNEX

Bose Nagar Annex guideline value

The current guideline value of Bose Nagar Annex is Rs 440 per sq.ft, effective from 1 July 2024. This property is located in Vilangadupakkam village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Bose Nagar Annex has changed

Starting from the 2012 revision, the guideline value was Rs 400 per sq.ft. It then decreased to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, and further rose to Rs 440 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Finally, from 2023 to 2024, the guideline value saw an increase of 10%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, and the guideline value for Bose Nagar Annex matches this median.

• Bose Nagar: Rs 440 per sq.ft (2024)
• Boopalan Nagar: Rs 440 per sq.ft (2024)
• Bharani Nagar: Rs 440 per sq.ft (2024)
• Dhakshana Moorthy Nagar: Rs 440 per sq.ft (2024)
• Balaji Nagar: Rs 770 per sq.ft (2024)
• Dhanush Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Bose Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 details.

Which Sub Registrar Office covers Bose Nagar Annex?

The Bose Nagar Annex falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilangadupakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

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 duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bose Nagar Annex?

The current guideline value of Bose Nagar Annex is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the other streets in Vilangadupakkam with the same guideline value?

Other streets in Vilangadupakkam with the same guideline value of Rs 440 per sq.ft include Bose Nagar, Boopalan Nagar, Bharani Nagar, Dhakshana Moorthy Nagar, and Dhanush Nagar.

What are the registration fees for property in Bose Nagar Annex?

The registration fees for property in Bose Nagar Annex include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bose Nagar Annex?

The Sub Registrar Office covering Bose Nagar Annex is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.