Guideline Value for Boopathy Avenue

Boopathy Avenue guideline value

The current guideline value of Boopathy Avenue is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Boopathy Avenue has changed

The guideline value for Boopathy Avenue has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2023 revision, marking a substantial rise of 49%. The latest revision in 2024 has set the guideline value at Rs 2,420 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available for the years 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 have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Boopathy Avenue's guideline value above this median.

• Boopalan Nagar: Rs 1,210 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 Boopathy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees together to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boopathy Avenue?

The Sub Registrar Office that covers Boopathy Avenue is located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone. 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 is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller approaches the Sub Registrar Office, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the registration department. This value is essential for both legal and financial aspects of property transactions.

Frequently asked questions

What is the current guideline value of Boopathy Avenue?

The current guideline value of Boopathy Avenue is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024, showing a total rise of 64% over this period.

What is the land classification of Boopathy Avenue?

Boopathy Avenue is classified as Mixed Special Type - I, indicating its designation within the local land-use planning framework.

What are the stamp duty and registration fees for property in Boopathy Avenue?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees amount to Rs 2,17,800, calculated based on the guideline value of Rs 24,20,000.

Where is the Sub Registrar Office for Boopathy Avenue located?

The Sub Registrar Office for Boopathy Avenue is located at No.59, Road Street, Kundrathur, Chennai -600 069, within the Chennai registration zone.