Guideline Value

Corporate

Guideline Value for BURMA COLONY 3RD MAIN ROAD

₹6400/sq.ft.

The guideline value for Burma Colony 3rd 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 3rd Main Road

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Burma Colony 3rd Main Road guideline value

The current guideline value of Burma Colony 3rd Main Road is Rs 6,400 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, and the land classification is Industries Type - I.

How the guideline value of Burma Colony 3rd Main Road has changed

The guideline value for Burma Colony 3rd Main Road 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 the 2017 revision. This was a significant drop of 33%. However, the value rebounded to Rs 5,750 per sq.ft in the 2023 revision, before reaching the current rate of Rs 6,400 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The 2017 revision does not have a figure for this street, and similarly, the revisions for 2002, 2003, and 2007 do not provide any figures for Burma Colony 3rd Main Road.

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 value for these streets is Rs 3,300 per sq.ft, making the current guideline value of Rs 6,400 per sq.ft for Burma Colony 3rd Main Road notably above the median.

Stamp duty and registration fee for property in Burma Colony 3rd Main Road

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, 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 further calculations.

Which Sub Registrar Office covers Burma Colony 3rd Main Road?

The Sub Registrar Office that covers Burma Colony 3rd 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 the registration process of property transactions in Palavakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Burma Colony 3rd Main Road?

The current guideline value of Burma Colony 3rd 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 median guideline value in Palavakkam?

The median guideline value for streets in Palavakkam is Rs 3,300 per sq.ft, with Burma Colony 3rd Main Road's value being above this median.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 64,00,000, the stamp duty is Rs 4,48,000 and the registration fee is Rs 1,28,000, totaling Rs 5,76,000.

Which office do I need to register my property?

The Neelankarai Sub Registrar Office is responsible for property registrations in Burma Colony 3rd Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.