Guideline Value for BOSE NAGAR

Bose Nagar guideline value

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

How the guideline value of Bose Nagar has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure remained the same in the next revision in 2017, where it dropped to Rs 268 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 400 per sq.ft. The 2024 revision then saw a further increase of 10%, resulting in the current guideline value of Rs 440 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO, with 2024 guideline values ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the current guideline value of Bose Nagar.

• Bose Nagar Annex: 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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bose Nagar?

The Sub Registrar Office that covers Bose Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO here.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Vilangadupakkam, the guideline value is used to calculate the stamp duty and registration fees that are payable during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The guideline value serves as a benchmark and ensures that properties are not undervalued during registration.

Frequently asked questions

What is the current guideline value of Bose Nagar?

The current guideline value of Bose Nagar 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 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 Annex, Boopalan Nagar, Bharani Nagar, Dhakshana Moorthy Nagar, and Dhanush Nagar.

Where is the Redhills Sub Registrar Office located?

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

How is stamp duty calculated for properties in Bose Nagar?

Stamp duty for properties in Bose Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.