Guideline Value for Bhoopathi Street, Gandhi Nagar Extn

Bhoopathi Street, Gandhi Nagar Extn guideline value

The current guideline value of Bhoopathi Street, Gandhi Nagar Extn is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bhoopathi Street, Gandhi Nagar Extn has changed

The guideline value for Bhoopathi Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,507 per sq.ft, which increased significantly to Rs 2,250 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the guideline value to Rs 2,475 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for Bhoopathi Street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Bhoopathi Street's 2024 figure above this median.

• Bharath Nagar: Rs 1,980 per sq.ft (2024)
• Bharathiyar Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Bharathiyar Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Bharathiyar Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Bharathiyar Street: Rs 1,980 per sq.ft (2024)
• Boopathy Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Bhoopathi Street, Gandhi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate the fees for your property transactions.

Which Sub Registrar Office covers Bhoopathi Street, Gandhi Nagar Extn?

The Bhoopathi Street, Gandhi Nagar Extn is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. It is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bhoopathi Street, Gandhi Nagar Extn?

The current guideline value of Bhoopathi Street, Gandhi Nagar Extn is Rs 2,475 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 1,507 per sq.ft in 2017 to Rs 2,475 per sq.ft in 2024, marking an overall increase of 64% over the seven years.

Where can I find the registration office for Bhoopathi Street?

The registration office covering Bhoopathi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for property in Bhoopathi Street?

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It acts as a reference point to ensure compliance with local regulations.