Guideline Value for Bojaraja Nagar 6th Lane

Bojaraja Nagar 6th Lane guideline value

The current guideline value of Bojaraja Nagar 6th 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 is classified as Residential Class II Type - I.

How the guideline value of Bojaraja Nagar 6th Lane has changed

The guideline value for Bojaraja Nagar 6th Lane has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, the value then decreased to Rs 804 per sq.ft in 2017, reflecting a decline of 33% from the previous revision. The value continued to rise to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,300 per sq.ft in the 2024 revision, which is an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 117%. It is important to note that there are no recorded 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 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, making the guideline value of Bojaraja Nagar 6th Lane below this median.

• Bojaraja Nagar 5th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 7th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 4th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 8th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 3rd Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar Main Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bojaraja Nagar 6th 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 at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bojaraja Nagar 6th Lane?

The Sub Registrar Office covering Bojaraja Nagar 6th 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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bojaraja Nagar 6th Lane?

The current guideline value of Bojaraja Nagar 6th 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, showing an overall increase of 117% across the years.

What is the land classification of Bojaraja Nagar 6th Lane?

Bojaraja Nagar 6th Lane is classified as Residential Class II Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for property in Bojaraja Nagar 6th Lane?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 1,17,000.

Which office handles property registrations in Bojaraja Nagar 6th Lane?

The Royapuram Sub Registrar Office handles property registrations for Bojaraja Nagar 6th Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.