Guideline Value for Bojaraja Nagar 4th Lane

Bojaraja Nagar 4th Lane guideline value

The current guideline value of Bojaraja Nagar 4th 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 Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Bojaraja Nagar 4th Lane has changed

The guideline value for Bojaraja Nagar 4th Lane has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, this value decreased by 33% to Rs 804 per sq.ft in 2017. The following revision in 2023 raised the value to Rs 1,200 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 117%. It is important to note that the register does not contain 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 that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Bojaraja Nagar 4th Lane's 2024 figure below the median.

• Bojaraja Nagar 3rd Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 5th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 6th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 2nd Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 7th Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bojaraja Nagar 4th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty charged at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total costs together 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bojaraja Nagar 4th Lane?

The Bojaraja Nagar 4th Lane is covered by 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

The guideline value plays a crucial role during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, thus influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bojaraja Nagar 4th Lane?

The current guideline value of Bojaraja Nagar 4th 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 this period.

What are the stamp duty and registration fees for properties in Bojaraja Nagar 4th 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 4th Lane?

The Royapuram Sub Registrar Office handles registrations for Bojaraja Nagar 4th Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Bojaraja Nagar 4th Lane?

The land classification for Bojaraja Nagar 4th Lane is Residential Class II Type - I, indicating its suitability for residential purposes.