Guideline Value for NEW ABOORVA BOOMI

New Aboorva Boomi guideline value

The current guideline value of New Aboorva Boomi is Rs 275 per sq.ft, effective from 1 July 2024. This property is located in Perungavur village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of New Aboorva Boomi has changed

The guideline value for New Aboorva Boomi has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 275 per sq.ft, an increase from Rs 250 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 167 per sq.ft, which was a significant increase of +50% from the previous 2012 revision value of Rs 250 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of -33% in the guideline value. Overall, from 2012 to 2024, the increase is +10%, with the current figure aligning with the median value of Rs 275 per sq.ft for the 79 streets in Perungavur under the Redhills SRO.

Guideline values in Perungavur

In Perungavur, the guideline values for 2024 range from Rs 220 to Rs 1,500 per sq.ft, with the median being Rs 275 per sq.ft. New Aboorva Boomi's value matches this median. The following are other streets in Perungavur:

• New Aboorva Boomi Part-2: Rs 275 per sq.ft (2024)
• New Apoorva Boomi Part-I: Rs 275 per sq.ft (2024)
• New Star City: Rs 275 per sq.ft (2024)
• New Star City Gold: Rs 220 per sq.ft (2024)
• Modern Town: Rs 385 per sq.ft (2024)
• M.M. Modern City: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in New Aboorva Boomi

For a 1,000 sq.ft plot at the current rate of Rs 275 per sq.ft, the guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Aboorva Boomi?

The Sub Registrar Office covering New Aboorva Boomi is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Perungavur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. It is crucial for both parties to understand this value, as it can affect the final amount payable at the time of registration.

Frequently asked questions

What is the current guideline value of New Aboorva Boomi?

The current guideline value of New Aboorva Boomi is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2023 to Rs 275 per sq.ft in 2024. It was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What are the other streets with the same guideline value in Perungavur?

Other streets in Perungavur with the same guideline value of Rs 275 per sq.ft include New Aboorva Boomi Part-2, New Apoorva Boomi Part-I, and New Star City.

What is the registration fee for property in New Aboorva Boomi?

The registration fee is calculated at 2% of the guideline value. For a plot valued at Rs 2,75,000, the registration fee would be Rs 5,500.

Which office handles property registrations for New Aboorva Boomi?

The Redhills Sub Registrar Office handles property registrations for New Aboorva Boomi, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.