Guideline Value for Poosala Boopathy Nagar

Poosala Boopathy Nagar guideline value

The current guideline value of Poosala Boopathy Nagar is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is located in Egmore village under the Periamet SRO and is classified as Residential Class II Type - I.

How the guideline value of Poosala Boopathy Nagar has changed

The guideline value of Poosala Boopathy Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision. However, the value decreased by 33% to Rs 4,355 per sq.ft in the 2017 revision. The following revision in 2023 raised the value to Rs 6,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 373%. There are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with a 2024 guideline value range from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is equal to the current guideline value of Poosala Boopathy Nagar.

• Poosala Gengu Reddy street: Rs 7,100 per sq.ft (2024)
• Post Audit road: Rs 7,100 per sq.ft (2024)
• Poonamallee High road (or) E.V.R. Salai: Rs 18,100 per sq.ft (2024)
• Poonamallee High road lane E.V.R. Lane: Rs 13,500 per sq.ft (2024)
• Prof. Subramaniam Street: Rs 8,300 per sq.ft (2024)
• Ponniamman street: Rs 18,100 per sq.ft (2024)

Stamp duty and registration fee for property in Poosala Boopathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. Please 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 information.

Which Sub Registrar Office covers Poosala Boopathy Nagar?

The Sub Registrar Office that covers Poosala Boopathy Nagar is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Egmore, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Poosala Boopathy Nagar?

The current guideline value of Poosala Boopathy Nagar is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 373% over the years.

What is the land classification for Poosala Boopathy Nagar?

Poosala Boopathy Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 6,39,000 in fees.

Where can I find the Sub Registrar Office for Poosala Boopathy Nagar?

The Periamet Sub Registrar Office, which covers Poosala Boopathy Nagar, is located at 1103, Poonamallee High Road, Chennai-600 003. You can find more details online.