Guideline Value for Bootha Perumal Naicken 1st lane

Bootha Perumal Naicken 1st lane guideline value

The current guideline value of Bootha Perumal Naicken 1st lane is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class III Type - I.

How the guideline value of Bootha Perumal Naicken 1st lane has changed

The guideline value for Bootha Perumal Naicken 1st lane has seen several revisions over the years. In the 2003 revision, the value was Rs 663 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007. Following this, the value surged significantly to Rs 3,600 per sq.ft in 2012, before dropping to Rs 2,412 per sq.ft in 2017. The 2023 revision set the value at Rs 3,600 per sq.ft, and the latest revision for 2024 has raised it to Rs 3,900 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 488%. The register does not have a figure for the year 2002 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Bootha Perumal Naicken 1st lane's 2024 figure below that median.

• Bootha Perumal Naicken street: Rs 3,900 per sq.ft (2024)
• Boopathy Nagar Ist Lane: Rs 3,400 per sq.ft (2024)
• Boopathy Nagar IInd Lane: Rs 3,400 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 Bootha Perumal Naicken 1st lane

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. 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 information.

Which Sub Registrar Office covers Bootha Perumal Naicken 1st lane?

The Bootha Perumal Naicken 1st lane falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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 serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government collects the appropriate amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bootha Perumal Naicken 1st lane?

The current guideline value of Bootha Perumal Naicken 1st lane is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 663 per sq.ft to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 488% over this period.

What is the land classification of Bootha Perumal Naicken 1st lane?

Bootha Perumal Naicken 1st lane is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Bootha Perumal Naicken 1st lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 39,00,000, the stamp duty would be calculated on this amount unless the sale price is higher.