Guideline Value for BOULEVAD VILLA

Boulevad Villa guideline value

The current guideline value of Boulevad Villa in Thiritheri village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Boulevad Villa has changed

Starting with the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. In the subsequent 2017 revision, it decreased to Rs 670 per sq.ft, marking a drop of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 1,000 per sq.ft. The 2023 revision maintained this figure into the 2024 revision, showing no change.

The revisions for the years 2002, 2003, and 2007 do not have any figures listed for Boulevad Villa in the register. Overall, the guideline value from 2012 to 2024 has remained unchanged at Rs 1,000 per sq.ft.

Guideline values in Thiritheri

In Thiritheri village, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 702 to Rs 1,750 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current figure for Boulevad Villa.

• Boulevard Villa Phase-II: Rs 1,000 per sq.ft (2024)
• Ellaiamman Koil St: Rs 1,000 per sq.ft (2024)
• Anna Nagar: Rs 702 per sq.ft (2024)
• Gandhi Nagar: Rs 1,493 per sq.ft (2024)
• Amma Nagar: Rs 702 per sq.ft (2024)
• Kishen Nagar: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Boulevad Villa

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Boulevad Villa?

The Boulevad Villa property is covered by 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 Thiritheri

The guideline value serves as a benchmark for calculating stamp duty and registration fees when buying or selling property in Thiritheri. It is essential to know that these charges are based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should always refer to the latest guideline values to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Boulevad Villa?

The current guideline value of Boulevad Villa is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 670 per sq.ft in 2017, followed by an increase back to Rs 1,000 per sq.ft by 2023, which has remained unchanged into 2024.

What is the land classification for Boulevad Villa?

Boulevad Villa is classified as Residential Special Type - I under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in Boulevad Villa?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 90,000, including both fees.

Where is the Sub Registrar Office for Boulevad Villa located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registrations for properties in Boulevad Villa.