Guideline Value for BOULEVARD VILLA PHASE-II

Boulevard Villa Phase-II guideline value

The current guideline value of Boulevard Villa Phase-II in Thiritheri village, under the Chengleput Joint II SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Boulevard Villa Phase-II has changed

The guideline value for Boulevard Villa Phase-II has remained consistent at Rs 1,000 per sq.ft from the 2023 revision to the 2024 revision, indicating a change of +0%. Prior to this, the register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded the same figure of Rs 1,000 per sq.ft.

As per the available revisions, the 2024 and 2023 figures are both Rs 1,000 per sq.ft. This consistency suggests stability in the guideline value for this property. The lack of figures in earlier revisions indicates that there may have been no updates or changes recorded for Boulevard Villa Phase-II during those years.

Guideline values in Thiritheri

In Thiritheri, 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, making Boulevard Villa Phase-II's rate equal to the median.

• Boulevard Villa: 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 Boulevard Villa Phase-II

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boulevard Villa Phase-II?

The Boulevard Villa Phase-II 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 details.

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

The guideline value is a critical factor in the registration process for property transactions in Thiritheri. It serves as the basis for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any unexpected fees during registration.

Frequently asked questions

What is the current guideline value for Boulevard Villa Phase-II?

The current guideline value for Boulevard Villa Phase-II 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 remained unchanged at Rs 1,000 per sq.ft from 2023 to 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Thiritheri?

The median guideline value for the 12 streets in Thiritheri is Rs 1,000 per sq.ft, which is the same as the guideline value for Boulevard Villa Phase-II.

What are the stamp duty and registration fees for property in Boulevard Villa Phase-II?

For a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles property registrations for Boulevard Villa Phase-II?

The Chengleput Joint II Sub Registrar Office handles property registrations for Boulevard Villa Phase-II, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.