Guideline Value for BURMA TAMIZHAR STREET

Burma Tamizhar Street guideline value

The current guideline value for Burma Tamizhar Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Burma Tamizhar Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure saw a significant increase of 49% by the 2023 revision, where it remained at Rs 700 per sq.ft. The 2024 revision also holds the guideline value steady at Rs 700 per sq.ft, reflecting no change from the previous year.

It is important to note that the register has no figures for Burma Tamizhar Street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Ponneri_2

In Ponneri_2 village, there are 75 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Burma Tamizhar Street.

• Chinnavenbakkam Road: Rs 700 per sq.ft (2024)
• Bharathi Nagar: Rs 700 per sq.ft (2024)
• Balan Nagar: Rs 700 per sq.ft (2024)
• Balammal Street: Rs 702 per sq.ft (2024)
• Balammal Nagar: Rs 700 per sq.ft (2024)
• Balaji Nagar Virivakkam: 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. Duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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 information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value plays a crucial role during the registration of property transactions in Ponneri_2. It serves as a benchmark to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the fees that must be paid to the government. This ensures transparency and helps in maintaining a standard for property transactions in the area.

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 much has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall from 2017 to 2024.

What is the median guideline value in Ponneri_2?

The median guideline value in Ponneri_2 is Rs 700 per sq.ft, which is the same as the guideline value for Burma Tamizhar Street.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Burma Tamizhar Street located?

The Sub Registrar Office for Burma Tamizhar Street is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.