Guideline Value for Bojaraja Nagar 3rd Lane

Bojaraja Nagar 3rd Lane guideline value

The current guideline value of Bojaraja Nagar 3rd Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Bojaraja Nagar 3rd Lane has changed

The guideline value for Bojaraja Nagar 3rd Lane has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, but then decreased to Rs 804 per sq.ft in 2017. Following this, the value saw a significant rise to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2007 to 2024, the overall increase in the guideline value is 117%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, indicating that the guideline value for Bojaraja Nagar 3rd Lane is below this median.

• Bojaraja Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 4th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 2nd Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 5th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 6th Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bojaraja Nagar 3rd 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 at 7% would be Rs 91,000, and 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.

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

Which Sub Registrar Office covers Bojaraja Nagar 3rd Lane?

The Sub Registrar Office that covers Bojaraja Nagar 3rd 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 details.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bojaraja Nagar 3rd Lane?

The current guideline value of Bojaraja Nagar 3rd 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% from 2007 to 2024.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, which is higher than the current guideline value of Bojaraja Nagar 3rd Lane.

What are the stamp duty and registration fees for properties in Bojaraja Nagar 3rd 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 property registrations for Bojaraja Nagar 3rd Lane?

The Royapuram Sub Registrar Office handles property registrations for Bojaraja Nagar 3rd Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.