Guideline Value

Corporate

Guideline Value for BURMA COLONY 1ST MAIN ROAD

₹6400/sq.ft.

The guideline value for Burma Colony 1st Main Road 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 Main Road

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Burma Colony 1st Main Road guideline value

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

How the guideline value of Burma Colony 1st Main Road has changed

The guideline value for Burma Colony 1st Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 5,750 per sq.ft. In the 2017 revision, the value decreased to Rs 3,852 per sq.ft, marking a decline of 33%. However, the 2023 revision increased the guideline value to Rs 5,750 per sq.ft, and the latest 2024 revision has raised it further to Rs 6,400 per sq.ft, reflecting an increase of 11% from the previous year.

Between the 2017 and 2023 revisions, the value rose significantly by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Rs 6,400 per sq.ft for Burma Colony 1st Main Road is above this median.

Stamp duty and registration fee for property in Burma Colony 1st Main Road

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 or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burma Colony 1st Main Road?

The Sub Registrar Office that covers Burma Colony 1st Main 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 information.

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

The guideline value plays a crucial role in property transactions in Palavakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

During the registration process, the buyer must provide the guideline value or the sale price, whichever is higher, to calculate the applicable fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Burma Colony 1st Main Road?

The current guideline value of Burma Colony 1st Main Road 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 2012 to Rs 3,852 per sq.ft in 2017, then back to Rs 5,750 per sq.ft in 2023, and finally to Rs 6,400 per sq.ft in 2024.

What is the land classification for Burma Colony 1st Main Road?

The land classification for Burma Colony 1st Main Road is 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 the stamp duty calculated for property in Burma Colony 1st Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 6,400 per sq.ft, the total guideline value would be Rs 64,00,000, leading to a stamp duty of Rs 4,48,000.