Guideline Value for SAI SRI BOOBATHI NAGAR

Sai Sri Boobathi Nagar guideline value

The current guideline value of Sai Sri Boobathi Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Malayambakkam village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of Sai Sri Boobathi Nagar has changed

The guideline value for Sai Sri Boobathi Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,341 per sq.ft, which increased to Rs 2,002 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Sai Sri Boobathi Nagar is above this median.

• Sai Sampath Nagar: Rs 2,310 per sq.ft (2024)
• Sakthi Nagar: Rs 880 per sq.ft (2024)
• Sagunthala Avenue: Rs 2,750 per sq.ft (2024)
• Royal City: Rs 1,800 per sq.ft (2024)
• Ram Nagar: Rs 1,210 per sq.ft (2024)
• Ramachandra Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Sri Boobathi Nagar

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 cost to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sai Sri Boobathi Nagar?

The Sai Sri Boobathi Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

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

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value of Sai Sri Boobathi Nagar?

The current guideline value of Sai Sri Boobathi Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,341 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the other streets in Malayambakkam with their guideline values?

Other streets in Malayambakkam include Sai Sampath Nagar at Rs 2,310 per sq.ft, Sakthi Nagar at Rs 880 per sq.ft, Sagunthala Avenue at Rs 2,750 per sq.ft, Royal City at Rs 1,800 per sq.ft, Ram Nagar at Rs 1,210 per sq.ft, and Ramachandra Nagar at Rs 1,210 per sq.ft.

What are the stamp duty and registration fees for properties in Sai Sri Boobathi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total cost would be Rs 1,98,000.

Where can I find the Sub Registrar Office for Sai Sri Boobathi Nagar?

The Kunrathur Sub Registrar Office covers Sai Sri Boobathi Nagar and is located at No.59, Road Street, Kundrathur, Chennai -600 069.