Guideline Value for S.R. BOOPATHY NAGAR PART 1

S.R. Boopathy Nagar Part 1 guideline value

The current guideline value of S.R. Boopathy Nagar Part 1 is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO, and is classified as Residential Class II Type - III.

How the guideline value of S.R. Boopathy Nagar Part 1 has changed

In the 2023 revision, the guideline value was Rs 2,000 per sq.ft. The increase from 2023 to 2024 represents a change of 10%, bringing the current guideline value to Rs 2,200 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the revisions, the guideline value has seen an increase from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. This aligns with the median guideline value of Rs 2,200 per sq.ft for the village of Sholinganallur - 1, which has a range of values from Rs 1,000 to Rs 8,800 per sq.ft.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value. S.R. Boopathy Nagar Part 1's 2024 figure matches the median value of Rs 2,200 per sq.ft. Here are some other streets in Sholinganallur - 1:

• S.R. Boopathy Nagar (Grama Nadunchalai 38th Cross Street): Rs 2,200 per sq.ft (2024)
• S.R. Boopathy Nagar Part 2: Rs 2,200 per sq.ft (2024)
• S.P.Velu Street: Rs 2,200 per sq.ft (2024)
• Spring Garden 2nd Street: Rs 4,400 per sq.ft (2024)
• Spring Garden 1st Street: Rs 4,400 per sq.ft (2024)
• Spring Field: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in S.R. Boopathy Nagar Part 1

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers S.R. Boopathy Nagar Part 1?

The Sub Registrar Office that covers S.R. Boopathy Nagar Part 1 is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the sale price must be compared to the guideline value. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of S.R. Boopathy Nagar Part 1?

The current guideline value of S.R. Boopathy Nagar Part 1 is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, representing a 10% increase. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for S.R. Boopathy Nagar Part 1?

S.R. Boopathy Nagar Part 1 is classified as Residential Class II Type - III. This classification affects the guideline value and potential uses of the property.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in S.R. Boopathy Nagar Part 1?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft would incur a total stamp duty and registration fee of Rs 1,98,000.