Guideline Value for Burma colony 2nd nagar

Burma colony 2nd nagar guideline value

The current guideline value of Burma colony 2nd nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Pulikoradu village under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Burma colony 2nd nagar has changed

The guideline value for Burma colony 2nd nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pulikoradu

In Pulikoradu, 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 also the 2024 figure for Burma colony 2nd nagar.

• Burma colony 1st nagar: Rs 880 per sq.ft (2024)
• Burma Colony: Rs 880 per sq.ft (2024)
• Burma colony 3rd nagar: Rs 880 per sq.ft (2024)
• Bharathiyar Street: Rs 880 per sq.ft (2024)
• Bharathi Nagar Ext: Rs 1,650 per sq.ft (2024)
• Bharathi Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Burma colony 2nd nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. Please 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 details.

Which Sub Registrar Office covers Burma colony 2nd nagar?

The Sub Registrar Office that covers Burma colony 2nd 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 more information.

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

The guideline value is an essential factor when registering property transactions in Pulikoradu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Burma colony 2nd nagar?

The current guideline value of Burma colony 2nd 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 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Burma colony 2nd nagar?

Burma colony 2nd nagar is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where is the Sub Registrar Office for this area located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 880 per sq.ft would incur a total fee of Rs 79,200 for stamp duty and registration.