Guideline Value

Corporate

Guideline Value for BURMA COLONY 5TH MAIN ROAD

₹6400/sq.ft.

The guideline value for Burma Colony 5th 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 5th Main Road

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Burma Colony 5th Main Road guideline value

The current guideline value of Burma Colony 5th 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 5th Main Road has changed

The guideline value for Burma Colony 5th Main Road has undergone several revisions over the years. In 2012, the value was 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 2024, marking an increase of 11% from the previous year.

Between the years, the changes in guideline values were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, 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, with guideline values 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 guideline value of Burma Colony 5th Main Road above this median.

Stamp duty and registration fee for property in Burma Colony 5th 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, bringing the total cost for these fees 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Burma Colony 5th Main Road?

The Sub Registrar Office that covers Burma Colony 5th 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 during property registration in Palavakkam. It is used to determine the applicable stamp duty and registration fees, which are mandatory when transferring property ownership. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold or purchased, the guideline value is considered to assess the transaction's value. This ensures that the fees collected are based on the official rates set by the government, providing a standard for property transactions in the area.

Frequently asked questions

What is the current guideline value of Burma Colony 5th Main Road?

The current guideline value of Burma Colony 5th 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 to Rs 5,750 per sq.ft in 2023, and finally to Rs 6,400 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 4,48,000 and the registration fee would be Rs 1,28,000, totaling Rs 5,76,000 based on the current guideline value.

Which office handles property registrations for Burma Colony 5th Main Road?

The Neelankarai Sub Registrar Office handles property registrations for Burma Colony 5th Main Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the land classification for Burma Colony 5th Main Road?

The land classification for Burma Colony 5th Main Road is Industries Type - I, indicating its suitability for industrial purposes.