Guideline Value for PRANAV BOOMI

Pranav Boomi guideline value

The current guideline value of Pranav Boomi is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Chitthalapakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Pranav Boomi has changed

The guideline value for Pranav Boomi has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. In 2023, the value increased to Rs 2,500 per sq.ft, before rising again to the current figure of Rs 2,700 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

Chitthalapakkam has a total of 107 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,300 to Rs 5,000 per sq.ft as of 2024. The median guideline value in the village is Rs 2,900 per sq.ft, placing Pranav Boomi's 2024 figure below this median.

• Priyadharshini Nagar: Rs 2,900 per sq.ft (2024)
• Perumal Koil Street: Rs 1,950 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,950 per sq.ft (2024)
• Palm Avenue Extension: Rs 3,300 per sq.ft (2024)
• Palm Avenue: Rs 3,300 per sq.ft (2024)
• Royal Garden: Rs 2,250 per sq.ft (2024)

Stamp duty and registration fee for property in Pranav Boomi

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fees would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pranav Boomi?

The Sub Registrar Office that covers Pranav Boomi is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitthalapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value can influence the overall transaction costs, including stamp duty and registration fees.

When a property is sold, the registration office will use the guideline value to calculate the applicable fees. This ensures that the property is valued fairly according to the prevailing rates in the area, providing a transparent framework for property transactions.

Frequently asked questions

What is the current guideline value of Pranav Boomi?

The current guideline value of Pranav Boomi 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 increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the classification of land in Pranav Boomi?

The land classification for Pranav Boomi is Residential Special Type - I.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Pranav Boomi?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.