Guideline Value for Bomai Nagar

Bomai Nagar guideline value

The current guideline value of Bomai Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Bomai Nagar has changed

The guideline value for Bomai Nagar has seen significant changes over the years. The 2003 revision set the value at Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The value then rose dramatically to Rs 1,206 per sq.ft in 2017, representing a 302% increase from the 2007 figure. The 2023 revision further increased the value to Rs 1,800 per sq.ft, marking a 49% rise from 2017. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for Bomai Nagar in the revisions for the years 2002 and 2012. Overall, from 2003 to 2024, the guideline value has increased by 673%.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is the same as the current value for Bomai Nagar.

• Brindavan Street: Rs 1,980 per sq.ft (2024)
• Bharathiya Desiya Sangam Street: Rs 1,760 per sq.ft (2024)
• Bhakathvachalam Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 3rd Cross Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 2nd Cross Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Bomai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total charges Rs 1,78,200. 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 Bomai Nagar?

The Sub Registrar Office that covers Bomai Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Anakaputhur, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. It is essential to know that these fees are based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is crucial for both buyers and sellers, as it directly impacts the overall cost of property transactions in the area. This ensures that all parties are aware of the financial implications involved in the buying or selling process.

Frequently asked questions

What is the current guideline value of Bomai Nagar?

The current guideline value of Bomai Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 256 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 673% over this period.

What is the land classification of Bomai Nagar?

Bomai Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Bomai Nagar?

The registration office covering Bomai Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total cost of Rs 1,78,200 in fees.