Guideline Value for SRI BOOPATHY NAGAR

Sri Boopathy Nagar guideline value

The current guideline value of Sri Boopathy Nagar, located in Malayambakkam village under the Kunrathur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - III.

How the guideline value of Sri Boopathy Nagar has changed

The guideline value of Sri Boopathy Nagar has seen several revisions over the years. The 2024 revision sets the value at Rs 2,200 per sq.ft, an increase from Rs 2,002 per sq.ft in the 2023 revision, reflecting a 10% rise. Prior to that, in 2017, the value was Rs 1,341 per sq.ft, marking a significant increase of 49% from the 2023 figure. The 2012 revision had the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 figure.

From 2012 to 2024, the overall change in guideline value is a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Sri Boopathy Nagar's 2024 value above this median.

• Sri Ganapathy Nagar: Rs 935 per sq.ft (2024)
• Sri Gayathiri Doctor's Enclave: Rs 880 per sq.ft (2024)
• Sri Janani Nagar: Rs 935 per sq.ft (2024)
• S.R.D. Royal City Annexe: Rs 935 per sq.ft (2024)
• S.R.D. Nagar: Rs 935 per sq.ft (2024)
• Sri Krishna Garden: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Boopathy 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Boopathy Nagar?

The Sub Registrar Office covering Sri Boopathy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Malayambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted at a standardized value set by the registration department.

When buying or selling property, it is important to be aware of the current guideline value, as it can impact the overall costs involved in the transaction. Buyers and sellers should consult the guideline value register to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Sri Boopathy Nagar?

The current guideline value of Sri Boopathy 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, with various revisions in between, including Rs 1,341 per sq.ft in 2017 and Rs 2,002 per sq.ft in 2023.

What is the land classification for Sri Boopathy Nagar?

The land classification for Sri Boopathy Nagar is Mixed Special Type - III.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in Sri Boopathy Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.