Guideline Value for Bootha Perumal Naicken St

Bootha Perumal Naicken St guideline value

The current guideline value of Bootha Perumal Naicken St is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village under the Chennai Central Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Bootha Perumal Naicken St has changed

The guideline value for Bootha Perumal Naicken St has undergone several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012, marking a 300% rise. However, this value dropped to Rs 5,360 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 8,000 per sq.ft again in 2023, followed by a further increase to Rs 8,800 per sq.ft in 2024, reflecting a 10% change from the previous year. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 340%. The value rose from Rs 2,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, showcasing substantial changes over the years.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO, with guideline values ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, which is equal to the current value of Bootha Perumal Naicken St.

• Bootha Perumal Naiken Lane: Rs 8,800 per sq.ft (2024)
• Binny Road: Rs 12,600 per sq.ft (2024)
• Brown Stone Apartments: Rs 11,500 per sq.ft (2024)
• Cathedral Garden Lane: Rs 10,400 per sq.ft (2024)
• Cathedral Garden Road: Rs 12,600 per sq.ft (2024)
• Bhagadhur Street: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bootha Perumal Naicken St

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value would be Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that 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 Bootha Perumal Naicken St?

The Sub Registrar Office that covers Bootha Perumal Naicken St is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nungambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately estimating the costs involved in property transactions. It is advisable to consult the guideline value register to stay informed about the current rates applicable to specific properties.

Frequently asked questions

What is the current guideline value of Bootha Perumal Naicken St?

The current guideline value of Bootha Perumal Naicken St is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the median guideline value in Nungambakkam?

The median guideline value in Nungambakkam is Rs 8,800 per sq.ft, which is the same as the current value for Bootha Perumal Naicken St.

What are the stamp duty and registration fees for property in Bootha Perumal Naicken St?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles the registration for Bootha Perumal Naicken St?

The registration for Bootha Perumal Naicken St is handled by the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.