Guideline Value for BURMA TAMIZHAR STREET

Burma Tamizhar Street guideline value

The current guideline value of Burma Tamizhar Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri SRO, and falls under Residential Class II Type - I land classification.

How the guideline value of Burma Tamizhar Street has changed

The guideline value for Burma Tamizhar Street has seen several revisions over the years. The earliest available revision is from 2012, where the value was Rs 500 per sq.ft. This figure increased to Rs 469 per sq.ft in 2017, followed by a significant rise to Rs 700 per sq.ft in 2023. The guideline value remained unchanged at Rs 700 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 6%, but then the value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 40%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ponneri

In Ponneri village, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Burma Tamizhar Street aligns perfectly with this median.

• Bharathi Nagar: Rs 700 per sq.ft (2024)
• Bhajanai Kovil Street: Rs 700 per sq.ft (2024)
• Barma Nagar / Anna Nagar: Rs 700 per sq.ft (2024)
• Balavinayagam Kovil Street: Rs 700 per sq.ft (2024)
• Balan Nagar: Rs 700 per sq.ft (2024)
• Balammal Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Burma Tamizhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Burma Tamizhar Street?

The Sub Registrar Office that covers Burma Tamizhar Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Ponneri, as it serves as a benchmark for determining the stamp duty and registration fees. Buyers must ensure that the transaction is registered at or above the guideline value to comply with legal requirements.

When a property is sold, the guideline value helps to establish the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from stamp duty and registration fees based on the property's value as per the guideline.

Frequently asked questions

What is the current guideline value of Burma Tamizhar Street?

The current guideline value of Burma Tamizhar Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023 and remains at Rs 700 per sq.ft in 2024.

What are the other streets in Ponneri with the same guideline value?

Other streets in Ponneri with a guideline value of Rs 700 per sq.ft include Bharathi Nagar, Bhajanai Kovil Street, Barma Nagar / Anna Nagar, Balavinayagam Kovil Street, Balan Nagar, and Balammal Street.

What is the registration fee for property in Burma Tamizhar Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 7,00,000, the registration fee would be Rs 14,000.

Where can I find the Sub Registrar Office for Burma Tamizhar Street?

The Sub Registrar Office for Burma Tamizhar Street is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO through the provided link.