Guideline Value for Boopalan Nagar

Boopalan Nagar guideline value

The current guideline value of Boopalan Nagar, located in Vilangadupakkam village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Boopalan Nagar has changed

Over the years, the guideline value of Boopalan Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 268 per sq.ft in 2017, reflecting a 33% drop. Following this, the value surged to Rs 400 per sq.ft in 2023, and further increased to Rs 440 per sq.ft in 2024, resulting in a 10% rise.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median guideline value is Rs 440 per sq.ft, which is equal to the current value of Boopalan Nagar.

• Bose Nagar: Rs 440 per sq.ft (2024)
• Bose Nagar Annex: Rs 440 per sq.ft (2024)
• Bharani Nagar: Rs 440 per sq.ft (2024)
• Dhakshana Moorthy Nagar: Rs 440 per sq.ft (2024)
• Balaji Nagar: Rs 770 per sq.ft (2024)
• Dhanush Nagar: Rs 440 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, charged at 7%, would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. 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 Boopalan Nagar?

The Sub Registrar Office that covers Boopalan 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 Vilangadupakkam

The guideline value is a crucial factor when buying or selling property in Vilangadupakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Boopalan Nagar?

The current guideline value of Boopalan Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, representing a total increase of 120% over the years.

What are the stamp duty rates for properties in Boopalan Nagar?

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

Where is the Sub Registrar Office for Boopalan Nagar located?

The Sub Registrar Office for Boopalan Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Boopalan Nagar?

Boopalan Nagar is classified as Residential Class III Type - I, which indicates its zoning for residential use.