Guideline Value for BOUNDARY SALAI

Boundary Salai guideline value

The current guideline value of Boundary Salai is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai Sub Registrar Office. The land classification for this area is Residential Special Type - II.

How the guideline value of Boundary Salai has changed

The guideline value for Boundary Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 5,500 per sq.ft, which then decreased to Rs 3,685 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 5,500 per sq.ft, and the most recent 2024 revision has raised it further to Rs 6,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The change from 2023 to 2024 is an increase of 11%. Overall, from 2012 to 2024, the guideline value has risen by 11%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Boundary Salai's 2024 guideline value of Rs 6,100 per sq.ft is above this median.

• Brindavan Garden: Rs 3,300 per sq.ft (2024)
• B.V.Avenue: Rs 2,200 per sq.ft (2024)
• C.B.S.Nagar: Rs 2,800 per sq.ft (2024)
• Bharathiyar Street (Nethaji Salai): Rs 3,300 per sq.ft (2024)
• Central Excise Customs Colony: Rs 6,100 per sq.ft (2024)
• BHARATHIYAR NAGAR & STREET & Extension: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Boundary Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, making the total fees Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Boundary Salai?

The Sub Registrar Office that covers Boundary Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Okkiyamthuraipakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value.

When registering a property, the buyer is required to pay stamp duty and registration fees based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Boundary Salai?

The current guideline value of Boundary Salai is Rs 6,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then back to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,100 per sq.ft in 2024.

What is the land classification for Boundary Salai?

Boundary Salai is classified as Residential Special Type - II, indicating its intended use for residential purposes.

What are the registration fees for properties in Boundary Salai?

Registration fees are based on the guideline value, which for Boundary Salai is Rs 6,100 per sq.ft. For a 1,000 sq.ft property, the total registration fees would amount to Rs 5,49,000.

Where can I find the Sub Registrar Office for Boundary Salai?

The Neelankarai Sub Registrar Office covers Boundary Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.