Guideline Value for Bobers Salai

Bobers Salai guideline value

The current guideline value of Bobers Salai is Rs 7,100 per sq.ft. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bobers Salai has changed

The guideline value for Bobers Salai has seen several revisions over the years. In 2002, the value was Rs 840 per sq.ft, which increased to Rs 926 per sq.ft in 2003, marking a 10% rise. The value further increased to Rs 1,500 per sq.ft in 2007, resulting in a significant 62% growth. The 2012 revision saw the value rise to Rs 6,500 per sq.ft, showing a 333% increase from the previous figure. However, it then decreased to Rs 4,355 per sq.ft in 2017, reflecting a 33% drop. The value rebounded to Rs 6,500 per sq.ft in 2023, and finally, the current guideline value is Rs 7,100 per sq.ft as of the 2024 revision, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value for Bobers Salai has increased by 745%. The register has no figures for revisions in years other than those listed.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is the same as the current guideline value for Bobers Salai.

• Boopathi Nagar: Rs 3,400 per sq.ft (2024)
• Boopathy Nagar IInd Lane: Rs 3,400 per sq.ft (2024)
• Boopathy Nagar Ist Lane: Rs 3,400 per sq.ft (2024)
• Bootha Perumal Naicken 1st lane: Rs 3,900 per sq.ft (2024)
• Bootha Perumal Naicken street: Rs 3,900 per sq.ft (2024)
• Brindavanam 1st street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bobers Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bobers Salai?

The Sub Registrar Office that covers Bobers Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Egmore. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees. Buyers and sellers must consider this value during the transaction process to ensure compliance with local regulations.

When a property is sold, the guideline value helps in establishing a fair price for taxation purposes. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bobers Salai?

The current guideline value of Bobers Salai is Rs 7,100 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 840 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 745% over this period.

What is the land classification of Bobers Salai?

Bobers Salai is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Bobers Salai located?

The Sub Registrar Office for Bobers Salai is located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for property in Bobers Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at 7%.