Guideline Value for Boopathi Nagar

Boopathi Nagar guideline value

The current guideline value of Boopathi Nagar is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class III Type - II.

How the guideline value of Boopathi Nagar has changed

The guideline value for Boopathi Nagar has undergone several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 469 per sq.ft. It increased to Rs 517 per sq.ft in 2003, marking a 10% increase. The value then saw a significant rise to Rs 1,200 per sq.ft in 2007, which was a 132% increase. In 2012, the value was Rs 3,100 per sq.ft, reflecting a substantial 158% increase from the previous revision. However, it decreased to Rs 2,077 per sq.ft in 2017, showing a decline of 33%.

In 2023, the guideline value rose to Rs 3,100 per sq.ft, and the most recent revision in 2024 set it at Rs 3,400 per sq.ft, marking a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 625%. There are no figures available for the revisions in years not listed above.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Boopathi Nagar's 2024 figure is below this median.

• Boopathy Nagar IInd Lane: Rs 3,400 per sq.ft (2024)
• Boopathy Nagar Ist Lane: Rs 3,400 per sq.ft (2024)
• Bootha Perumal Naicken 1st lane: Rs 3,900 per sq.ft (2024)
• Bootha Perumal Naicken street: Rs 3,900 per sq.ft (2024)
• Bobers Salai: Rs 7,100 per sq.ft (2024)
• Brindavanam 1st street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total fees to Rs 3,06,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Boopathi Nagar?

The Sub Registrar Office that covers Boopathi Nagar is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Egmore. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline 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 Boopathi Nagar?

The current guideline value of Boopathi Nagar is Rs 3,400 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 469 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 625% over this period.

What is the land classification for Boopathi Nagar?

Boopathi Nagar is classified as Residential Class III Type - II.

Where is the Sub Registrar Office for Boopathi Nagar located?

The Sub Registrar Office for Boopathi Nagar is located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Boopathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 34,00,000 would incur a stamp duty of Rs 2,38,000 at a rate of 7%.