Guideline Value

Corporate

Guideline Value for Boomadevi Nagar

₹2750/sq.ft.

The guideline value for Boomadevi Nagar in Kerugambakkam village (Pammal SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kerugambakkam

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Boomadevi Nagar

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Boomadevi Nagar guideline value

The current guideline value of Boomadevi Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Boomadevi Nagar has changed

The guideline value for Boomadevi Nagar has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, placing Boomadevi Nagar's 2024 value above this median.

Stamp duty and registration fee for property in Boomadevi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty, charged at 7%, would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. The total cost for these fees would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Boomadevi Nagar?

The Sub Registrar Office that covers Boomadevi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kerugambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on an official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the overall cost involved in the registration process. Accurate knowledge of the guideline value helps in understanding the financial obligations during property transactions.

Frequently asked questions

What is the current guideline value of Boomadevi Nagar?

The current guideline value of Boomadevi Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and then to Rs 2,750 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

What are the other streets in Kerugambakkam with their guideline values?

Other streets in Kerugambakkam include Bst's Sarada City at Rs 2,860 per sq.ft, B.T.Nagar at Rs 2,750 per sq.ft, and Chakkrapani Nagar at Rs 2,750 per sq.ft, among others. The guideline values for these streets vary, providing a range of options for potential buyers.

What fees are associated with purchasing property in Boomadevi Nagar?

When purchasing property in Boomadevi Nagar, buyers need to consider the stamp duty and registration fees, which are calculated based on the guideline value. For example, a property with a guideline value of Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000.

Where can I find the Sub Registrar Office for Boomadevi Nagar?

The Sub Registrar Office for Boomadevi Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles all registration processes for properties in the area.