Guideline Value for Boo Begum Street (Begum Sahib Street)

Boo Begum Street (Begum Sahib Street) guideline value

The current guideline value of Boo Begum Street (Begum Sahib Street) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Boo Begum Street (Begum Sahib Street) has changed

The guideline value for Boo Begum Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 6,000 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 4,020 per sq.ft, marking a reduction of 33%. In 2023, the value increased to Rs 6,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The revision figures for the years 2002, 2003, and 2007 are not available in the register for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Boo Begum Street.

• Boo Begum Sahib (Begum Sahib) 4th Street: Rs 6,600 per sq.ft (2024)
• Boo Begum Sahib 3rd Street, Lane @ Boo Begum 2nd Street(Begum Sahib): Rs 6,600 per sq.ft (2024)
• Boo Begum (Begum Sahib) 3rd Street: Rs 6,600 per sq.ft (2024)
• Boo Begum (Begum Sahib) 2nd Street: Rs 6,600 per sq.ft (2024)
• Boo Begum (Begum Sahib) 2nd Lane: Rs 6,600 per sq.ft (2024)
• Boo Begum (Begum Sahib) 1st Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Boo Begum Street (Begum Sahib Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty, charged at 7%, is Rs 4,62,000, and the registration fee at 2% is Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boo Begum Street (Begum Sahib Street)?

The Sub Registrar Office that covers Boo Begum Street (Begum Sahib Street) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Boo Begum Street?

The current guideline value of Boo Begum Street (Begum Sahib Street) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

Which Sub Registrar Office covers Boo Begum Street?

The Triplicane Sub Registrar Office covers Boo Begum Street (Begum Sahib Street), located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014.

What are the stamp duty and registration fees for property in Boo Begum Street?

For a property valued at Rs 66,00,000, the stamp duty is Rs 4,62,000 and the registration fee is Rs 1,32,000, totaling Rs 5,94,000.

What is the land classification of Boo Begum Street?

Boo Begum Street (Begum Sahib Street) falls under the Residential Class I Type - I land classification.