Guideline Value for Boobathi Nagar 4th Cross Street

Boobathi Nagar 4th Cross Street guideline value

The current guideline value of Boobathi Nagar 4th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO, and the land classification is Mixed Type - II.

How the guideline value of Boobathi Nagar 4th Cross Street has changed

The guideline value for Boobathi Nagar 4th Cross Street has undergone several revisions over the years. In 2003, the guideline 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 value then rose to Rs 3,000 per sq.ft in 2012, reflecting an increase of +155%. However, it saw a decrease to Rs 2,010 per sq.ft in 2017, which was a drop of -33%. The value then increased to Rs 3,000 per sq.ft in 2023, representing a rise of +49%. Finally, the current guideline value is Rs 3,300 per sq.ft as of the 2024 revision, which is an increase of +10% from the previous year.

It is important to note that there is no figure for this street in the 2002 revision. 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 for 2024 ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, and Boobathi Nagar 4th Cross Street's current value is above this median.

• Boobathi Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 1st Cross Street: 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 4th 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 at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boobathi Nagar 4th Cross Street?

The Sub Registrar Office that covers Boobathi Nagar 4th 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in assessing the legal value of the property for registration purposes. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Boobathi Nagar 4th Cross Street?

The current guideline value for Boobathi Nagar 4th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 151 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +2085% over the years.

What is the median guideline value in Kilkattalai?

The median guideline value in Kilkattalai is Rs 2,530 per sq.ft, and Boobathi Nagar 4th Cross Street's current value is above this median.

What are the stamp duty and registration fees for property in Boobathi Nagar 4th Cross Street?

For a 1,000 sq.ft plot, the total guideline value is 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 4th Cross Street?

The Pallavaram Sub Registrar Office handles registrations for Boobathi Nagar 4th Cross Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.