Guideline Value

Corporate

Guideline Value for Boopathy Naicken Main Road

₹2200/sq.ft.

The guideline value for Boopathy Naicken Main Road in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
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)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Boopathy Naicken Main Road

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Boopathy Naicken Main Road guideline value

The current guideline value of Boopathy Naicken Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Boopathy Naicken Main Road has changed

The guideline value for Boopathy Naicken Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also listed a value of Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value increased by 10%.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Boopathy Naicken Main Road is below this median.

Stamp duty and registration fee for property in Boopathy Naicken Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Boopathy Naicken Main Road?

The Sub Registrar Office that covers Boopathy Naicken Main Road is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction reflects a fair value in the eyes of the law.

When you buy or sell property, the guideline value will influence the stamp duty and registration fees you will need to pay. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that all transactions are appropriately taxed.

Frequently asked questions

What is the current guideline value of Boopathy Naicken Main Road?

The current guideline value of Boopathy Naicken Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, with several revisions in between, including Rs 2,000 per sq.ft in 2023 and Rs 2,000 per sq.ft in 2012.

What are the stamp duty and registration fees for property on this road?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000 based on the guideline value of Rs 22,00,000.

Which office handles property registrations in this area?

The Madhavaram Sub Registrar Office handles property registrations for Boopathy Naicken Main Road, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value determined in Kodungaiyur?

The guideline value in Kodungaiyur is determined based on various factors, including the type of land classification and the prevailing market conditions. It is revised periodically to reflect changes in the real estate market.