Guideline Value for Boobathi Nagar 5th Cross Street

Boobathi Nagar 5th Cross Street guideline value

The current guideline value of Boobathi Nagar 5th 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, with a land classification of Mixed Type - II.

How the guideline value of Boobathi Nagar 5th Cross Street has changed

The guideline value for Boobathi Nagar 5th Cross Street has seen several revisions over the years. The earliest recorded figure is from 2003, where 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%. In 2012, the value rose to Rs 3,000 per sq.ft, reflecting an increase of +155%. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a drop of -33%. The 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 3,300 per sq.ft, which is a +10% increase from the previous year.

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

Guideline values in Kilkattalai

Kilkattalai village has 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 value for these streets is Rs 2,530 per sq.ft, placing Boobathi Nagar 5th Cross Street's 2024 figure above this median.

• Boobathi Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Boopathi Nagar: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Boobathi Nagar 5th 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, bringing the total to 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boobathi Nagar 5th Cross Street?

The Sub Registrar Office that covers Boobathi Nagar 5th 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 in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair and standardized rate.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Boobathi Nagar 5th Cross Street?

The current guideline value of Boobathi Nagar 5th 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 from Rs 151 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +2085% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Boobathi Nagar 5th Cross Street?

The Sub Registrar Office for Boobathi Nagar 5th Cross Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

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, and Boobathi Nagar 5th Cross Street's current value is above this median.