Guideline Value for BURIAL GROUND ROAD

Burial Ground Road guideline value

The current guideline value of Burial Ground Road in Karapakkam village, under the Neelankarai SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Burial Ground Road has changed

The guideline value for Burial Ground Road has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012. However, there was a decrease in 2017, with the value set at Rs 502 per sq.ft. The most recent revisions show that the guideline value remained at Rs 1,000 per sq.ft in both 2023 and 2024, indicating no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 233%. The changes from 2012 to 2017 saw a decrease of 33%, while the jump from 2017 to 2023 was notable at 99%.

Guideline values in Karapakkam

In Karapakkam, there are a total of 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Burial Ground Road's current guideline value is below this median.

• B.S.B.Tadi India Ltd: Rs 2,200 per sq.ft (2024)
• Chockalingam Garden: Rs 1,100 per sq.ft (2024)
• Crystal: Rs 8,500 per sq.ft (2024)
• Darmaraja Koil Road: Rs 1,100 per sq.ft (2024)
• Barathyar Street: Rs 2,200 per sq.ft (2024)
• BARATHI DASAN STREET 2nd CROSS: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Burial Ground Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty, charged at 7%, would amount to Rs 70,000, and the registration fee, charged at 2%, would be Rs 20,000. Together, the total cost for these fees would be Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Burial Ground Road?

The Sub Registrar Office that covers Burial Ground Road 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Burial Ground Road?

The current guideline value of Burial Ground Road is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, with notable increases and a decrease in between.

What is the land classification for Burial Ground Road?

The land classification for Burial Ground Road is Residential Class IV Type - II.

What are the stamp duty and registration fees for properties on Burial Ground Road?

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

Where is the Neelankarai Sub Registrar Office located?

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