Guideline Value

Corporate

Guideline Value for Burma colony 1st nagar

₹880/sq.ft.

The guideline value for Burma Colony 1st Nagar in Pulikoradu village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pulikoradu

Village

Tambaram Joint 1

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Burma Colony 1st Nagar

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Burma colony 1st nagar guideline value

The current guideline value of Burma colony 1st nagar is Rs 880 per sq.ft. This area is located in Pulikoradu village, under the Tambaram Joint 1 SRO. The land classification for this locality is Residential Class II Type - III.

How the guideline value of Burma colony 1st nagar has changed

The guideline value for Burma colony 1st nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The value rose significantly to Rs 800 per sq.ft in 2023 and has now reached Rs 880 per sq.ft in the 2024 revision, effective from 1 July 2024. The register has no figure for this street in 2002 and 2003.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 167%. However, it decreased by 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the 2024 figure for Burma colony 1st nagar.

Stamp duty and registration fee for property in Burma colony 1st nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600. Together, the total cost for stamp duty and registration fee would be Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burma colony 1st nagar?

The Sub Registrar Office that covers Burma colony 1st nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Pulikoradu, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate the applicable stamp duty and registration fees during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Burma colony 1st nagar?

The current guideline value of Burma colony 1st nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the land classification of Burma colony 1st nagar?

The land classification for Burma colony 1st nagar is Residential Class II Type - III.

Where is the Tambaram Joint 1 SRO located?

The Tambaram Joint 1 SRO is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Burma colony 1st nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,80,000 would incur a stamp duty of Rs 61,600.