Guideline Value for Boodhur Baba Garden

Boodhur Baba Garden guideline value

The current guideline value for Boodhur Baba Garden, located in Boodur village under the Redhills SRO, is Rs 385 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Boodhur Baba Garden has changed

Over the years, the guideline value for Boodhur Baba Garden has seen significant changes. Starting from the 2003 revision, the value was Rs 21 per sq.ft, which increased dramatically to Rs 300 per sq.ft in 2007. This marked a substantial rise of 1329%. In the following revisions, the value reached Rs 350 per sq.ft in 2012, but then dropped by 33% to Rs 234 per sq.ft in 2017. The 2023 revision set the value at Rs 350 per sq.ft, which then increased by 10% to the current rate of Rs 385 per sq.ft in 2024.

The overall increase from the 2003 revision to the 2024 revision is 1733%. It is important to note that there is no guideline value recorded for the year 2002 for this street.

Guideline values in Boodur

In Boodur village, there are 15 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 257 to Rs 1,150 per sq.ft. The median value for these streets is Rs 385 per sq.ft, which matches the current guideline value for Boodhur Baba Garden.

• Boodhur Baba Nagar: Rs 385 per sq.ft (2024)
• Boodur Gopala Puram: Rs 385 per sq.ft (2024)
• Bharathi Nagar Annex 1: Rs 385 per sq.ft (2024)
• Bagavathi Nagar: Rs 385 per sq.ft (2024)
• Anbu Nagar: Rs 257 per sq.ft (2024)
• Golden Avenue: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Boodhur Baba Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total cost for these fees to Rs 34,650. It is important 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 details.

Which Sub Registrar Office covers Boodhur Baba Garden?

The Sub Registrar Office covering Boodhur Baba Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Boodur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registers.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Boodhur Baba Garden?

The current guideline value of Boodhur Baba Garden is Rs 385 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 21 per sq.ft in 2003 to Rs 385 per sq.ft in 2024, marking an overall increase of 1733% over this period.

What are the stamp duty and registration fees for properties in Boodhur Baba Garden?

For a property valued at Rs 3,85,000, the stamp duty would be Rs 26,950 and the registration fee would be Rs 7,700, totaling Rs 34,650.

Which Sub Registrar Office covers Boodhur Baba Garden?

The Redhills Sub Registrar Office covers Boodhur Baba Garden, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Boodhur Baba Garden?

Boodhur Baba Garden is classified under Residential Class I Type - I, indicating its suitability for residential development.