Guideline Value for Boopathy Street / Gandhi Nagar

Boopathy Street / Gandhi Nagar guideline value

The current guideline value of Boopathy Street / Gandhi Nagar is Rs 2,475 per sq.ft. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Boopathy Street / Gandhi Nagar has changed

The guideline value of Boopathy Street / Gandhi Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 188 per sq.ft, which increased to Rs 213 per sq.ft in 2003, marking a change of +13%. The value continued to rise to Rs 360 per sq.ft in 2007, a substantial increase of +69%. By 2017, the guideline value had jumped to Rs 1,507 per sq.ft, reflecting a remarkable growth of +319% from the previous revision.

In 2023, the guideline value reached Rs 2,250 per sq.ft, which was a +49% increase from 2017. The most recent revision in 2024 set the value at Rs 2,475 per sq.ft, representing a +10% rise from the previous year. The register has no figure for this street in 2012.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Boopathy Street / Gandhi Nagar's 2024 figure above this median.

• Brindavan Colony (All Streets): Rs 1,980 per sq.ft (2024)
• Buddhar Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Bhoopathi Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Chakarapani Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Chakarapani Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Chakarapani Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Boopathy Street / Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total fees together to Rs 2,22,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Boopathy Street / Gandhi Nagar?

The Sub Registrar Office that covers Boopathy Street / Gandhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pammal. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during property transactions.

When buying or selling property, the guideline value serves as a benchmark to assess the transaction price. If the sale price exceeds the guideline value, the stamp duty is calculated based on the higher amount. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Boopathy Street / Gandhi Nagar?

The current guideline value of Boopathy Street / Gandhi Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has significantly increased from Rs 188 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, representing an overall increase of +1216% over the years.

What is the stamp duty rate for property in Boopathy Street / Gandhi Nagar?

The stamp duty rate for property transactions in Boopathy Street / Gandhi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Boopathy Street / Gandhi Nagar?

The Sub Registrar Office for Boopathy Street / Gandhi Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Boopathy Street / Gandhi Nagar?

Boopathy Street / Gandhi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential purposes.