Guideline Value for NEW APOORVA BOOMI PART-I

New Apoorva Boomi Part-I guideline value

The current guideline value of New Apoorva Boomi Part-I 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 Apoorva Boomi Part-I has changed

The guideline value for New Apoorva Boomi Part-I has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 275 per sq.ft, up from Rs 250 per sq.ft in 2023, marking a 10% increase. Prior to that, in 2017, the value was Rs 167 per sq.ft, which means there was a significant 50% increase to reach the 2023 figure. The 2012 revision had the value at Rs 250 per sq.ft, which was a decrease of 33% from the previous 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median guideline value is Rs 275 per sq.ft, which is the same as the current value for New Apoorva Boomi Part-I.

• New Aboorva Boomi Part-2: Rs 275 per sq.ft (2024)
• New Aboorva Boomi: 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 Apoorva Boomi Part-I

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, charged at 7%, would be Rs 19,250, while the registration fee at 2% would be Rs 5,500. Together, these fees total Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Apoorva Boomi Part-I?

The New Apoorva Boomi Part-I falls under the jurisdiction of the Redhills Sub Registrar Office. The address is Sub Registrar Office, 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 a crucial factor when registering property transactions in Perungavur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it can impact the overall expenses involved in the transaction. The registration office will use this value to determine the applicable fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of New Apoorva Boomi Part-I?

The current guideline value of New Apoorva Boomi Part-I 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 significantly, with the most recent revision in 2024 increasing it to Rs 275 per sq.ft from Rs 250 per sq.ft in 2023. There was also a 50% increase from Rs 167 per sq.ft in 2017 to the 2023 figure.

What are the stamp duty and registration fees for New Apoorva Boomi Part-I?

For a 1,000 sq.ft plot, the guideline value is Rs 2,75,000. The stamp duty at 7% amounts to Rs 19,250, and the registration fee at 2% is Rs 5,500, totaling Rs 24,750.

Which office handles the registration for New Apoorva Boomi Part-I?

The Redhills Sub Registrar Office handles the registration for New Apoorva Boomi Part-I. The office is located on Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that these costs are aligned with the official valuation of the property, impacting the overall expenses involved in buying or selling real estate.