Guideline Value for Boopalan Nagar

Boopalan Nagar guideline value

The current guideline value of Boopalan Nagar, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,210 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under Residential Class I Type - I classification.

How the guideline value of Boopalan Nagar has changed

The guideline value for Boopalan Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value of Boopalan Nagar is below this median.

• Boopathy Avenue: Rs 2,420 per sq.ft (2024)
• Bharath Nagar: Rs 1,210 per sq.ft (2024)
• Chandra Nagar: Rs 1,430 per sq.ft (2024)
• Chekkumedu Vania Street: Rs 1,210 per sq.ft (2024)
• Chithra Nagar: Rs 660 per sq.ft (2024)
• Chitra Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Boopalan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total cost together Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Boopalan Nagar?

The Sub Registrar Office that covers Boopalan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role during the registration of property transactions in Kunrathour-B. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed, and the applicable fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Boopalan Nagar?

The current guideline value of Boopalan Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 1,210 per sq.ft by 2024, marking an overall increase of 64% over this period.

What is the stamp duty rate for properties in Boopalan Nagar?

The stamp duty rate for properties in Boopalan Nagar is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Kunrathour-B?

The Kunrathur Sub Registrar Office is responsible for handling property registrations in Kunrathour-B. The office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property using the stamp duty and registration fee calculator available online.