Guideline Value for Bojaraja Nagar Main Street

Bojaraja Nagar Main Street guideline value

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

How the guideline value of Bojaraja Nagar Main Street has changed

The guideline value for Bojaraja Nagar Main Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. The 2023 revision set the value at Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO, with the 2024 guideline values 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 Main Street's 2024 guideline value below that median.

• Bojaraja Nagar 8th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar North Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 7th Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar South Lane: Rs 1,300 per sq.ft (2024)
• Bojaraja Nagar 6th 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 Main Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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, totaling 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 more detailed calculations.

Which Sub Registrar Office covers Bojaraja Nagar Main Street?

The Sub Registrar Office covering Bojaraja Nagar Main Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements during the sale process.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, protecting the interests of both parties involved.

Frequently asked questions

What is the current guideline value of Bojaraja Nagar Main Street?

The current guideline value of Bojaraja Nagar Main Street 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 Main Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,17,000, based on the current guideline value of Rs 13,00,000.

Which office handles property registration for Bojaraja Nagar Main Street?

The Royapuram Sub Registrar Office handles property registration for Bojaraja Nagar Main Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration, which affects the stamp duty and registration fees applicable during a sale. It ensures transparency and compliance with legal requirements.