Guideline Value for Boopathy Salai

Boopathy Salai guideline value

The current guideline value of Boopathy Salai is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Boopathy Salai has changed

The guideline value for Boopathy Salai has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017. However, this figure saw a significant increase to Rs 1,800 per sq.ft in 2023, followed by another rise to the current value of Rs 1,900 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 20%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows an increase of 27% in the guideline value.

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Boopathy Salai's 2024 figure is below this median.

• Binny Nagar / Binni Employees Colony: Rs 1,900 per sq.ft (2024)
• Burma Nagar: Rs 1,900 per sq.ft (2024)
• Bhatri Nagar 3rd Street: Rs 1,900 per sq.ft (2024)
• Bhatri Nagar 2nd Street: Rs 1,900 per sq.ft (2024)
• Bhatri Nagar 1st Street: Rs 1,900 per sq.ft (2024)
• Chokkammal Thottam: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathy Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, resulting in a total of Rs 1,71,000. 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 Salai?

The Sub Registrar Office covering Boopathy Salai 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 Selavoyal

The guideline value plays a crucial role in the registration process when buying or selling property in Selavoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Boopathy Salai?

The current guideline value of Boopathy Salai is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and is now Rs 1,900 per sq.ft in 2024.

What are the guideline values for other streets in Selavoyal?

Other streets in Selavoyal have a guideline value of Rs 1,900 per sq.ft in 2024, including Binny Nagar, Burma Nagar, and various Bhatri Nagar streets.

How is stamp duty calculated for properties in Boopathy Salai?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,00,000 would incur a stamp duty of Rs 1,33,000.

Where can I find the Sub Registrar Office for Boopathy Salai?

The Sub Registrar Office for Boopathy Salai is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.