Guideline Value for Bootha Perumal Naicken street

Bootha Perumal Naicken street guideline value

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

How the guideline value of Bootha Perumal Naicken street has changed

Over the years, the guideline value for Bootha Perumal Naicken street has seen significant changes. 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 2012 revision brought the value to Rs 3,600 per sq.ft, but it then decreased to Rs 2,412 per sq.ft in 2017. The 2023 revision saw an increase to Rs 3,600 per sq.ft, and finally, the current value as of 2024 is Rs 3,900 per sq.ft. The register has no figure for this street in 2002.

The changes between these revisions highlight the fluctuations in guideline value. From 2003 to 2007, there was an increase of 81%. However, from 2012 to 2017, the value decreased by 33%. The most notable increase was from 2017 to 2023, where the value rose by 49%. Overall, from 2003 to 2024, the guideline value has increased by 488%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, making Bootha Perumal Naicken street's 2024 figure of Rs 3,900 per sq.ft below that median.

• Bootha Perumal Naicken 1st lane: 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)
• Brindavanam 1st street: Rs 3,400 per sq.ft (2024)
• Brindavanam 2nd street: Rs 3,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total cost for these fees would be 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 the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Bootha Perumal Naicken street?

The Bootha Perumal Naicken street falls under the jurisdiction of the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

When buying or selling property in Egmore, the guideline value is a critical factor as it determines the amount of stamp duty and registration fees that need to be paid. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

At the time of registration, the property will be assessed based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, and it is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent revision in 2024 increasing it to Rs 3,900 per sq.ft from Rs 3,600 per sq.ft in 2023. The overall increase from 2003 to 2024 is 488%.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 39,00,000. The stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers Bootha Perumal Naicken street?

The Periamet Sub Registrar Office covers Bootha Perumal Naicken street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Bootha Perumal Naicken street?

Bootha Perumal Naicken street is classified as Residential Class III Type - I.