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Guideline Value

Corporate

Guideline Value for BURMA AGATHIGAL COLONY(ATTACHED WITH INDUSTRIAL ESTATE)

₹6400/sq.ft.

The guideline value for Burma Agathigal Colony(attached With Industrial Estate) in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 6400 per sq.ft, effective 1 July 2024. It was Rs 5750 per sq.ft from 1 April 2023, a 11% change. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹6400 /sq.ft.
From 1-4-2023 ₹5750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3852 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Burma Agathigal Colony(attached With Industrial Estate)

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Burma Agathigal Colony(Attached With Industrial Estate) guideline value

The current guideline value for Burma Agathigal Colony(Attached With Industrial Estate) is Rs 6,400 per sq.ft, effective from 1 July 2024. This area is located in Palavakkam village, under the Neelankarai SRO, and is classified as Industries Type - I.

How the guideline value of Burma Agathigal Colony(Attached With Industrial Estate) has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 5,750 per sq.ft in 2012, marking an increase of 188%. However, the value dropped to Rs 3,852 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 5,750 per sq.ft in 2023, and finally, the current value is Rs 6,400 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 220%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, indicating that the current figure for Burma Agathigal Colony(Attached With Industrial Estate) is above the median.

Stamp duty and registration fee for property in Burma Agathigal Colony(Attached With Industrial Estate)

For a 1,000 sq.ft plot at the current rate of Rs 6,400 per sq.ft, the guideline value amounts to Rs 64,00,000. The stamp duty at 7% would be Rs 4,48,000, and the registration fee at 2% would be Rs 1,28,000, totaling Rs 5,76,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burma Agathigal Colony(Attached With Industrial Estate)?

The Neelankarai Sub Registrar Office covers Burma Agathigal Colony(Attached With Industrial Estate). The office is 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 Palavakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Palavakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is registered, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is officially recorded and that the government receives the necessary revenue from property transactions.

Frequently asked questions

What is the current guideline value of Burma Agathigal Colony(Attached With Industrial Estate)?

The current guideline value of Burma Agathigal Colony(Attached With Industrial Estate) is Rs 6,400 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 2007 to Rs 6,400 per sq.ft in 2024, reflecting an overall increase of 220% over the years.

What is the land classification for this area?

Burma Agathigal Colony(Attached With Industrial Estate) is classified as Industries Type - I.

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 in relation to the guideline value?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the fees reflect the true value of the property being registered.