Guideline Value for Bojaraja Nagar 1st Lane

Bojaraja Nagar 1st Lane guideline value

The current guideline value of Bojaraja Nagar 1st Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bojaraja Nagar 1st Lane has changed

Over the years, the guideline value of Bojaraja Nagar 1st Lane has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 100%. However, the value dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 1,200 per sq.ft, and the latest revision in 2024 has set it at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall increase from the 2007 revision to the current 2024 revision is 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Bojaraja Nagar 1st Lane is below this median.

• Bojaraja Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 2nd Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 3rd Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 4th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 5th Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bojaraja Nagar 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, calculated at 7%, would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 accurate calculations.

Which Sub Registrar Office covers Bojaraja Nagar 1st Lane?

The Sub Registrar Office that covers Bojaraja Nagar 1st Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

When buying or selling property in Tondaiarpet, the guideline value plays a crucial role in determining the registration fees and stamp duty. These fees are calculated based on the guideline value set for the property, which is updated periodically to reflect market conditions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions, including the fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Bojaraja Nagar 1st Lane?

The current guideline value of Bojaraja Nagar 1st Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What are the stamp duty and registration fees for property in Bojaraja Nagar 1st Lane?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for Bojaraja Nagar 1st Lane?

The Royapuram Sub Registrar Office handles registrations for Bojaraja Nagar 1st Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification of Bojaraja Nagar 1st Lane?

Bojaraja Nagar 1st Lane is classified as Residential Class II Type - I, which is important for determining its use and development potential.