Guideline Value for Bojaraja Nagar 8th Lane

Bojaraja Nagar 8th Lane guideline value

The current guideline value of Bojaraja Nagar 8th Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under 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 8th Lane has changed

The guideline value for Bojaraja Nagar 8th Lane has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 600 per sq.ft. This value increased to Rs 1,200 per sq.ft in 2012, before dropping to Rs 804 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft from the 2024 revision, reflecting an increase of 8% 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 in the register.

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 guideline value in this area is Rs 1,600 per sq.ft, making the current figure for Bojaraja Nagar 8th Lane below this median.

• Bojaraja Nagar 7th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar Main Street: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 6th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar North Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 5th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar South Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bojaraja Nagar 8th 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, 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 and the sale price.

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

Which Sub Registrar Office covers Bojaraja Nagar 8th Lane?

The Sub Registrar Office that covers Bojaraja Nagar 8th 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 an essential reference for property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area. This ensures that the government receives appropriate revenue based on the established values for different properties.

When registering a property, it is crucial to be aware of the guideline value, as it can affect the overall costs associated with the transaction. Buyers and sellers should ensure they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Bojaraja Nagar 8th Lane?

The current guideline value of Bojaraja Nagar 8th 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 is the land classification for Bojaraja Nagar 8th Lane?

The land classification for Bojaraja Nagar 8th Lane is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Bojaraja Nagar 8th Lane?

The Sub Registrar Office covering Bojaraja Nagar 8th Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Bojaraja Nagar 8th Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at 7%.