Guideline Value

Corporate

Guideline Value for Boopathi Thottam

₹1700/sq.ft.

The guideline value for Boopathi Thottam in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Boopathi Thottam

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Boopathi Thottam guideline value

The current guideline value of Boopathi Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Boopathi Thottam has changed

Over the years, the guideline value of Boopathi Thottam has seen significant changes. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 1,700 per sq.ft, marking an increase of 13% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 69%.

It is important to note that there are no figures available for the revisions of 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, showcasing a substantial rise in the guideline value over that period.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, the guideline values vary across 754 streets, with values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value in this area is Rs 2,200 per sq.ft, placing Boopathi Thottam's 2024 guideline value below that median.

Stamp duty and registration fee for property in Boopathi Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total cost for stamp duty and registration fee would be Rs 1,53,000. 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 Boopathi Thottam?

The Sub Registrar Office that covers Boopathi Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

For additional information, you can find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Boopathi Thottam?

The current guideline value of Boopathi Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, marking a total increase of 69% over this period.

What is the registration office for Boopathi Thottam?

The registration office for Boopathi Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for a property in Boopathi Thottam?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

What other streets have guideline values in Sholinganallur - 1?

Other streets in Sholinganallur - 1 include Boopathi Nagar & Main Street, Boopathi Nagar Main Road, Boopathi Nagar 1st Cross Street, Bharath Nagar (Medavakkam Road), Bharath Nagar Annexe., and Central Park West & South, with values ranging from Rs 2,200 to Rs 4,400 per sq.ft in 2024.