Guideline Value for Burma Agathical Colony

Burma Agathical Colony guideline value

The current guideline value of Burma Agathical Colony is Rs 850 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village under the Selaiyur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Burma Agathical Colony has changed

The guideline value for Burma Agathical Colony has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it decreased to Rs 536 per sq.ft in 2017, before rising significantly to Rs 800 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 850 per sq.ft.

Between the revisions, there were notable changes. From 2007 to 2012, the value increased by 100%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 6% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Burma Agathical Colony's 2024 figure below this median.

• Buddhar Street Extension: Rs 2,750 per sq.ft (2024)
• Buddhar Street: Rs 2,750 per sq.ft (2024)
• Buddhar Cross Street: Rs 2,750 per sq.ft (2024)
• Camp Road: Rs 3,300 per sq.ft (2024)
• Camp Road 1st Cross Street: Rs 1,600 per sq.ft (2024)
• Camp Road 1st Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Burma Agathical Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, totaling Rs 76,500. 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 details.

Which Sub Registrar Office covers Burma Agathical Colony?

The Sub Registrar Office that covers Burma Agathical Colony is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value plays a crucial role during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost involved in the transaction. Ensuring that you have the correct figures can help avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Burma Agathical Colony?

The current guideline value of Burma Agathical Colony is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 850 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Burma Agathical Colony?

Burma Agathical Colony is classified as Residential Class V Type - I.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated in Burma Agathical Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500 at a rate of 7%.