Guideline Value for Boobathi Nagar 1st Cross Street

Boobathi Nagar 1st Cross Street guideline value

The current guideline value of Boobathi Nagar 1st Cross Street is Rs 3,300 per sq.ft, effective from the 2024 revision. This street is located in Kilkattalai village under the Pallavaram SRO, with a land classification of Mixed Type - II.

How the guideline value of Boobathi Nagar 1st Cross Street has changed

The guideline value for Boobathi Nagar 1st Cross Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 151 per sq.ft. This increased significantly to Rs 1,175 per sq.ft in 2007, marking a change of +678%. The 2012 revision saw a decrease to Rs 3,000 per sq.ft, a drop of -33%. In 2017, the value rose again to Rs 2,010 per sq.ft, representing a +49% increase from the previous revision. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 3,300 per sq.ft, which is a +10% change.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +2085%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Boobathi Nagar 1st Cross Street above this median.

• Boobathi Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Boopathi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Boobathi Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, charged at 7%, would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boobathi Nagar 1st Cross Street?

The Sub Registrar Office that covers Boobathi Nagar 1st Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When buyers and sellers agree on a sale price, the higher amount between the sale price and the guideline value is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Boobathi Nagar 1st Cross Street?

The current guideline value of Boobathi Nagar 1st Cross Street is Rs 3,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 151 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +2085% over this period.

What are the registration fees for property in Boobathi Nagar 1st Cross Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Boobathi Nagar 1st Cross Street?

The Pallavaram Sub Registrar Office handles registrations for Boobathi Nagar 1st Cross Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value for streets in Kilkattalai?

The median guideline value for streets in Kilkattalai is Rs 2,530 per sq.ft, with Boobathi Nagar 1st Cross Street's current value being above this median.