Guideline Value for Boobathi Nagar Main Road

Boobathi Nagar Main Road guideline value

The current guideline value of Boobathi Nagar Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Kilkattalai village under the Pallavaram SRO, classified as Mixed Type - II land.

How the guideline value of Boobathi Nagar Main Road has changed

The guideline value for Boobathi Nagar Main Road has seen several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 140 per sq.ft. This increased significantly to Rs 1,175 per sq.ft in 2007, marking a change of +739%. The value then rose to Rs 3,000 per sq.ft in 2012, which was a +155% increase. However, from 2012 to 2017, the value decreased by -33% to Rs 2,010 per sq.ft. The next revision in 2023 saw a substantial increase to Rs 3,000 per sq.ft, reflecting a +49% change. Finally, the current 2024 revision sets the guideline value at Rs 3,300 per sq.ft, a +10% increase from the previous year.

It is important to note that there is no figure recorded for Boobathi Nagar Main Road in the 2002 revision.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value, 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 Main Road's 2024 figure above that median.

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

Stamp duty and registration fee for property in Boobathi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be 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 essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Boobathi Nagar Main Road?

The Sub Registrar Office that covers Boobathi Nagar Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the 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 plays a crucial role during property transactions in Kilkattalai. It is the benchmark used to calculate the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of this value as it directly impacts the costs associated with property registration.

When a property is registered, the higher amount between the sale price and the guideline value is considered for calculating the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Boobathi Nagar Main Road?

The current guideline value of Boobathi Nagar Main Road 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 140 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +2,257% over the years.

What are the stamp duty and registration fees for property in Boobathi Nagar Main Road?

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 Sub Registrar Office covers Boobathi Nagar Main Road?

The Pallavaram Sub Registrar Office covers Boobathi Nagar Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Boobathi Nagar Main Road?

Boobathi Nagar Main Road is classified as Mixed Type - II land. This classification can affect the types of developments and usage permitted in the area.