Guideline Value for Boopathy Nagar Ist Lane

Boopathy Nagar Ist Lane guideline value

The current guideline value of Boopathy Nagar Ist Lane is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Boopathy Nagar Ist Lane has changed

The guideline value register for Boopathy Nagar Ist Lane does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, where the guideline value is set at Rs 3,400 per sq.ft.

As such, there are no changes between the revisions since the only figure available is from the 2024 revision. The absence of figures in previous years indicates that the guideline value for this street has not been established until the recent update.

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. Boopathy Nagar Ist Lane's 2024 figure is below this median.

• Boopathy Nagar IInd 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)
• Boopathi Nagar: Rs 3,400 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 Boopathy Nagar Ist Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,400 per sq.ft, the guideline value would be 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, totaling Rs 3,06,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boopathy Nagar Ist Lane?

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

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

The guideline value is a crucial factor during the registration process of property transactions in Egmore. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the guideline value to avoid discrepancies during the transaction and to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Boopathy Nagar Ist Lane?

The current guideline value of Boopathy Nagar Ist Lane is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available revision is from 2024, where the value is Rs 3,400 per sq.ft.

What is the land classification for Boopathy Nagar Ist Lane?

Boopathy Nagar Ist Lane is classified as Residential Class III Type - II. This classification is important for determining the permissible uses of the land.

Where can I find the Sub Registrar Office for Boopathy Nagar Ist Lane?

The Sub Registrar Office for Boopathy Nagar Ist Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Egmore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 34,00,000, the stamp duty would be calculated at 7% of this amount.