Guideline Value for SOUTH WEST BOAG ROAD

South West Boag Road guideline value

The current guideline value of South West Boag Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of South West Boag Road has changed

The guideline value for South West Boag Road has seen several revisions over the years. In 2003, the value was Rs 1,580 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2007, marking a rise of 153%. The value then decreased to Rs 10,000 per sq.ft in 2012, a drop of 33%. In 2017, the value rose to Rs 6,700 per sq.ft, followed by a substantial increase to Rs 10,000 per sq.ft in 2023, which was a 49% rise. The latest revision in 2024 sets the value at Rs 11,000 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for South West Boag Road in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 596%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, which is equal to the current guideline value for South West Boag Road.

• South Dhandapani Street / Dhandapani Street: Rs 13,200 per sq.ft (2024)
• South Boag Road (Southern Side Of Thiagaraya Road): Rs 14,300 per sq.ft (2024)
• South Boag Road Mtb Scheme: Rs 7,700 per sq.ft (2024)
• Soundarajan Street: Rs 6,600 per sq.ft (2024)
• Somasundaram Pillai Street: Rs 11,000 per sq.ft (2024)
• Solaiappan Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in South West Boag Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total to Rs 9,90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers South West Boag Road?

The Sub Registrar Office that covers South West Boag Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tnagar. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value will influence the stamp duty and registration fees applicable. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of South West Boag Road?

The current guideline value of South West Boag Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,580 per sq.ft in 2003 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 596%.

What are the stamp duty and registration fees for property in South West Boag Road?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which Sub Registrar Office serves South West Boag Road?

The Thiyagaraya nagar Sub Registrar Office serves South West Boag Road, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the land classification for South West Boag Road?

The land classification for South West Boag Road is Residential Special Type - I.