Guideline Value for Burma Colony Anna Street

Burma Colony Anna Street guideline value

The current guideline value of Burma Colony Anna Street 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 Anna Street has changed

In the 2012 revision, the guideline value for Burma Colony Anna Street was Rs 1,200 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,200 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry 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 Anna Street is below this median.

• Burma Colony Main Road ( Ward No.19 ): Rs 1,300 per sq.ft (2024)
• Burma Colony 4th st ( Ward No.19 ): Rs 1,300 per sq.ft (2024)
• Burma Colony 3rd st ( Ward No.19 ): Rs 1,300 per sq.ft (2024)
• Burma Colony 2nd st ( Ward No.19 ): Rs 1,300 per sq.ft (2024)
• Burma Colony 1st st ( Ward No.19 ): Rs 1,300 per sq.ft (2024)
• Bujji Garden: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Burma Colony Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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, bringing the total to 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.

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

Which Sub Registrar Office covers Burma Colony Anna Street?

The Sub Registrar Office that covers Burma Colony Anna Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

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

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately, reflecting the fair value of the property based on the official rates set by the government.

Frequently asked questions

What is the current guideline value of Burma Colony Anna Street?

The current guideline value of Burma Colony Anna Street 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 Anna Street has increased from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 8%.

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

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.

Which office handles registrations for Burma Colony Anna Street?

The Madhavaram Sub Registrar Office handles registrations for Burma Colony Anna Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What classification does Burma Colony Anna Street fall under?

Burma Colony Anna Street is classified as Residential Class III Type - I, indicating its designated use for residential purposes.