Guideline Value for Bose Road (Krishnamoorthy Nagar)

Bose Road (Krishnamoorthy Nagar) guideline value

The current guideline value of Bose Road (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bose Road (Krishnamoorthy Nagar) has changed

The guideline value for Bose Road (Krishnamoorthy Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 2,700 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the value experienced a decrease of 33%. However, from 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 shows an increase of 8% in the guideline value.

Guideline values in Kodungaiyur

Kodungaiyur village has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which matches the current guideline value for Bose Road (Krishnamoorthy Nagar).

• Bose Cross Street: Rs 2,700 per sq.ft (2024)
• Boopathy Naicken Main Road: Rs 2,200 per sq.ft (2024)
• Brindavanam Garden: Rs 2,700 per sq.ft (2024)
• Brindavan Nagar: Rs 2,700 per sq.ft (2024)
• Brindavan Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Brindavan Nagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bose Road (Krishnamoorthy Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bose Road (Krishnamoorthy Nagar)?

The Sub Registrar Office that covers Bose Road (Krishnamoorthy Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the market conditions as assessed by the Registration Department. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Bose Road (Krishnamoorthy Nagar)?

The current guideline value of Bose Road (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office is responsible for Bose Road (Krishnamoorthy Nagar)?

The Madhavaram Sub Registrar Office is responsible for Bose Road (Krishnamoorthy Nagar) and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Bose Road (Krishnamoorthy Nagar)?

The land classification for Bose Road (Krishnamoorthy Nagar) is Residential Class I Type - I.