Guideline Value for Burma colony 3rd nagar

Burma colony 3rd nagar guideline value

The current guideline value of Burma colony 3rd nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Pulikoradu village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Burma colony 3rd nagar has changed

The guideline value for Burma colony 3rd nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the current 2024 revision has further increased it to Rs 880 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, 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

Pulikoradu village has a total of 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 for these streets is Rs 880 per sq.ft, which matches the current guideline value for Burma colony 3rd nagar.

• Burma colony 2nd nagar: Rs 880 per sq.ft (2024)
• Burma colony 1st nagar: Rs 880 per sq.ft (2024)
• Burma Colony: 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 3rd 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, bringing the total fees to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burma colony 3rd nagar?

The Sub Registrar Office that covers Burma colony 3rd 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 plays a crucial role in the registration process when buying or selling property in Pulikoradu. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered the minimum value for taxation purposes. This ensures that the government receives appropriate fees based on the established guideline values, which reflect the prevailing market conditions.

Frequently asked questions

What is the current guideline value of Burma colony 3rd nagar?

The current guideline value of Burma colony 3rd 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 back to Rs 800 per sq.ft in 2023, and currently to Rs 880 per sq.ft in 2024.

What is the median guideline value in Pulikoradu?

The median guideline value in Pulikoradu is Rs 880 per sq.ft, which is the same as the current guideline value for Burma colony 3rd nagar.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Burma colony 3rd nagar?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Burma colony 3rd nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.