Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for BURMA COLONY 2ND CROSS STREET

₹6400/sq.ft.

The guideline value for Burma Colony 2nd 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 2nd Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Burma Colony 2nd Cross Street guideline value

The current guideline value of Burma Colony 2nd 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, and is classified as Industries Type - I.

How the guideline value of Burma Colony 2nd Cross Street has changed

The guideline value for Burma Colony 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 5,750 per sq.ft, which then decreased to Rs 3,852 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,750 per sq.ft in 2023, and then to Rs 6,400 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From 2017 to 2023, there was a notable increase of 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. The median guideline value in this area is Rs 3,300 per sq.ft, which means that the 2024 figure for Burma Colony 2nd Cross Street is above this median.

Stamp duty and registration fee for property in Burma Colony 2nd 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 would be Rs 64,00,000. The stamp duty at 7% would amount to Rs 4,48,000, while the registration fee at 2% would be Rs 1,28,000, bringing the total cost together to Rs 5,76,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burma Colony 2nd Cross Street?

The Sub Registrar Office that covers Burma Colony 2nd 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 information.

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

The guideline value is a critical factor in property transactions in Palavakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the state government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Burma Colony 2nd Cross Street?

The current guideline value of Burma Colony 2nd 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 2012 to Rs 3,852 per sq.ft in 2017, then increased 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 this street?

Burma Colony 2nd Cross Street is classified as Industries Type - I.

Where can I find the Sub Registrar Office for this area?

The Neelankarai Sub Registrar Office covers Burma Colony 2nd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,48,000 at a rate of 7%.