Guideline Value

Corporate

Guideline Value for BURMA COLONY 4TH MAIN ROAD

₹6400/sq.ft.

The guideline value for Burma Colony 4th 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 4th Main Road

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Burma Colony 4th Main Road guideline value

The current guideline value of Burma Colony 4th 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 is classified as Industries Type - I.

How the guideline value of Burma Colony 4th Main Road has changed

The guideline value for Burma Colony 4th Main Road has seen several revisions over the years. In 2012, the guideline value was Rs 5,750 per sq.ft, which then decreased to Rs 3,852 per sq.ft in 2017. This was a decline of 33%. However, the value rebounded significantly to Rs 5,750 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 brought the guideline value to Rs 6,400 per sq.ft, reflecting an 11% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

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, placing the 2024 guideline value of Burma Colony 4th Main Road above this median.

Stamp duty and registration fee for property in Burma Colony 4th 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 would be 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 to Rs 5,76,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Burma Colony 4th Main Road?

The Sub Registrar Office that covers Burma Colony 4th 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Burma Colony 4th Main Road?

The current guideline value of Burma Colony 4th 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 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 area?

Burma Colony 4th Main Road is classified as Industries Type - I, which indicates its designation for industrial use.

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

The Neelankarai Sub Registrar Office covers Burma Colony 4th Main Road, 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current rate would incur a total guideline value of Rs 64,00,000, leading to a stamp duty of Rs 4,48,000.