Guideline Value for Burma Colony 2-nd St

Burma Colony 2-nd St guideline value

The current guideline value of Burma Colony 2-nd St is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Burma Colony 2-nd St has changed

The guideline value for Burma Colony 2-nd St has seen several revisions over the years. The 2007 revision set the rate at Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision, marking a significant increase of 150%. However, the value then dropped by 33% to Rs 670 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 1,100 per sq.ft, reflecting a 10% rise.

Revisions for the years 2002 and 2003 have no figures recorded for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing the 2024 figure for Burma Colony 2-nd St below this median.

• Burma Colony 3rd St: Rs 1,100 per sq.ft (2024)
• Burma colony: Rs 1,650 per sq.ft (2024)
• Bukthavatchalam Street: Rs 880 per sq.ft (2024)
• Bound Street: Rs 2,200 per sq.ft (2024)
• Bhagavath Singh Street: Rs 1,650 per sq.ft (2024)
• Dhamodharan Street/Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Burma Colony 2-nd St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Burma Colony 2-nd St?

The Sub Registrar Office that covers Burma Colony 2-nd St 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 online for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with local regulations. This value helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Burma Colony 2-nd St?

The current guideline value of Burma Colony 2-nd St is Rs 1,100 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 1,100 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Burma Colony 2-nd St?

The land classification for Burma Colony 2-nd St is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Burma Colony 2-nd St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at a rate of 7%.