Guideline Value for Boodhur Baba Nagar

Boodhur Baba Nagar guideline value

The current guideline value of Boodhur Baba Nagar is Rs 385 per sq.ft, effective from 1 July 2024. This locality is situated in Boodur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Boodhur Baba Nagar has changed

The guideline value for Boodhur Baba Nagar has seen several revisions over the years. In 2003, the value was set at Rs 21 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in 2007, marking an increase of 1329%. The value then rose to Rs 350 per sq.ft in 2012, which was a 17% increase from the previous revision. However, it decreased to Rs 234 per sq.ft in 2017, reflecting a decline of 33%. The value then surged by 50% to Rs 350 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 385 per sq.ft in 2024.

It is important to note that the register has no figure for Boodhur Baba Nagar in the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1733%.

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 is Rs 385 per sq.ft, which is equal to the 2024 figure for Boodhur Baba Nagar.

• Boodhur Baba Garden: 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 Nagar

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, making the total charges Rs 34,650. 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 Boodhur Baba Nagar?

The Sub Registrar Office that covers Boodhur Baba Nagar 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 is a crucial factor in the registration process when buying or selling property in Boodur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on an official valuation of the property.

When a property is registered, the guideline value is used to determine the applicable fees, which can significantly impact the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Boodhur Baba Nagar?

The current guideline value of Boodhur Baba Nagar is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 21 per sq.ft in 2003 to Rs 385 per sq.ft in 2024, reflecting an overall increase of 1733% over the years.

What is the land classification of Boodhur Baba Nagar?

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

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total charges would be Rs 34,650.

Where is the Sub Registrar Office for Boodhur Baba Nagar located?

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