Guideline Value for Burma Colony 3rd St

Burma Colony 3rd St guideline value

The current guideline value of Burma Colony 3rd 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 3rd St has changed

The guideline value for Burma Colony 3rd St has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 150%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and most recently, it has increased to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Rs 1,100 per sq.ft for Burma Colony 3rd St is below this median.

• Burma Colony 2-nd 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 3rd St

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

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

Which Sub Registrar Office covers Burma Colony 3rd St?

The Sub Registrar Office that covers Burma Colony 3rd 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 for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kadaperi. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property transactions and ensures that the correct fees are levied based on the established guideline values.

Frequently asked questions

What is the current guideline value of Burma Colony 3rd St?

The current guideline value of Burma Colony 3rd 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, with various revisions in between, including a drop in 2017.

What is the land classification for Burma Colony 3rd St?

The land classification for Burma Colony 3rd St is Residential Class II Type - I.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 99,000 in charges based on the current guideline value.

Which office handles the registration for this street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Burma Colony 3rd St, located in East Tambaram, Chennai.