Guideline Value

Corporate

Guideline Value for BURMA COLONY 1ST CROSS STREET

₹6400/sq.ft.

The guideline value for Burma Colony 1st Cross Street 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 N/A
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 Colony 1st Cross Street

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Burma Colony 1st Cross Street guideline value

The current guideline value of Burma Colony 1st Cross Street is Rs 6,400 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, classified as Industries Type - I.

How the guideline value of Burma Colony 1st Cross Street has changed

Looking back at the revisions, the guideline value for Burma Colony 1st Cross Street was Rs 5,750 per sq.ft in 2023, which increased to Rs 6,400 per sq.ft in the 2024 revision, marking an increase of 11%. Prior to that, in 2017, the value was Rs 3,852 per sq.ft, which had risen significantly by 49% to reach Rs 5,750 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

In 2012, the guideline value was Rs 5,750 per sq.ft, but it decreased by 33% to Rs 3,852 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 11% from Rs 5,750 per sq.ft to Rs 6,400 per sq.ft.

Guideline values in Palavakkam

In Palavakkam, there are a total of 349 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, which means that the 2024 figure for Burma Colony 1st Cross Street is significantly above this median.

Stamp duty and registration fee for property in Burma Colony 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,400 per sq.ft, the total 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, bringing the total cost together to Rs 5,76,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Burma Colony 1st Cross Street?

The Sub Registrar Office that covers Burma Colony 1st Cross Street 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 Palavakkam

The guideline value plays a crucial role in the registration process of property transactions in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Burma Colony 1st Cross Street?

The current guideline value of Burma Colony 1st Cross Street 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 5,750 per sq.ft in 2023 to Rs 6,400 per sq.ft in 2024. It was Rs 3,852 per sq.ft in 2017, and Rs 5,750 per sq.ft in 2012.

What are the other streets in Palavakkam with the same guideline value?

Other streets in Palavakkam with the same guideline value of Rs 6,400 per sq.ft include Burma Colony 1st Main Road, Burma Agathigal Colony, Burma Colony 2nd Cross Street, Burma Colony 2nd Main Road, Burma Colony 3rd Main Road, and Burma Colony 4th Main Road.

What is the registration office for Burma Colony 1st Cross Street?

The registration office for Burma Colony 1st Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Palavakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 64,00,000, the stamp duty would be calculated at 7% of that amount.