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Guideline Value

Corporate

Guideline Value for Burma Colony 1st st ( Ward No.19 )

₹1300/sq.ft.

The guideline value for Burma Colony 1st St ( Ward No.19 ) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Burma Colony 1st St ( Ward No.19 )

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Burma Colony 1st st ( Ward No.19 ) guideline value

The current guideline value of Burma Colony 1st st ( Ward No.19 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of Burma Colony 1st st ( Ward No.19 ) has changed

Looking at the revisions, the guideline value for this street was Rs 1,200 per sq.ft in 2023 and has increased to Rs 1,300 per sq.ft in 2024, marking an 8% increase. Prior to 2023, the value was also Rs 1,200 per sq.ft in 2012, indicating no change between 2012 and 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from 2012 to 2024, the guideline value has increased by 8%. This steady rise reflects the current valuation trends in the area.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Burma Colony 1st st is below this median.

Stamp duty and registration fee for property in Burma Colony 1st st ( Ward No.19 )

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burma Colony 1st st ( Ward No.19 )?

The Sub Registrar Office that covers Burma Colony 1st st ( Ward No.19 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When a property is bought or sold, the guideline value is considered to ensure that the transaction is registered at an appropriate value, which helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Burma Colony 1st st ( Ward No.19 )?

The current guideline value of Burma Colony 1st st ( Ward No.19 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Burma Colony 1st st has seen an increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, which is an 8% rise. There was no change between 2012 and 2023, and the register has no figures for the years 2002, 2003, 2007, and 2017.

What are the guideline values of other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values. For example, Burma Colony 2nd st, 3rd st, 4th st, Anna Street, and Main Road all have a guideline value of Rs 1,300 per sq.ft in 2024, while Bujji Garden has a higher value of Rs 2,500 per sq.ft.

What are the stamp duty and registration fees for property in Burma Colony 1st st?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is charged based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Burma Colony 1st st located?

The Sub Registrar Office for Burma Colony 1st st is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in that area.