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Guideline Value

Corporate

Guideline Value for Burma Colony Main Road ( Ward No.19 )

₹1300/sq.ft.

The guideline value for Burma Colony Main Road ( 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 Main Road ( Ward No.19 )

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Burma Colony Main Road ( Ward No.19 ) guideline value

The current guideline value of Burma Colony Main Road ( Ward No.19 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This road 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 Main Road ( Ward No.19 ) has changed

Looking at the revisions over the years, the guideline value for Burma Colony Main Road ( Ward No.19 ) was Rs 1,200 per sq.ft in the 2012 revision and remained unchanged until the 2023 revision, where it was again Rs 1,200 per sq.ft. In the 2024 revision, the value increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

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

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which means that the 2024 figure for Burma Colony Main Road ( Ward No.19 ) is below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees 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.

You can use our stamp duty and registration fee calculator to get an estimate for your property transactions.

Which Sub Registrar Office covers Burma Colony Main Road ( Ward No.19 )?

The Sub Registrar Office that covers Burma Colony Main Road ( Ward No.19 ) 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 critical factor in property transactions in Madhavaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the transaction must adhere to the guideline value set by the registration department, ensuring transparency in property dealings.

During the registration process, buyers and sellers must consider the guideline value to calculate applicable stamp duty and registration fees. This ensures that both parties comply with legal requirements and avoid potential disputes regarding property valuation.

Frequently asked questions

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

The current guideline value of Burma Colony Main Road ( 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 Main Road ( Ward No.19 ) was Rs 1,200 per sq.ft in 2012 and remained the same until 2023. In 2024, it increased to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

What is the land classification for Burma Colony Main Road ( Ward No.19 )?

The land classification for Burma Colony Main Road ( Ward No.19 ) is Residential Class III Type - I.

What are the stamp duty and registration fees for property 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. The duty is charged on the higher of the guideline value and the sale price.

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

The Sub Registrar Office for Burma Colony Main Road ( Ward No.19 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registration activities in the area.