Guideline Value for Burma Colony

Burma Colony guideline value

The current guideline value of Burma Colony, located in Pulikoradu village under the Tambaram Joint 1 SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - III.

How the guideline value of Burma Colony has changed

The guideline value for Burma Colony has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 167% rise. However, it then decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 800 per sq.ft in 2023, followed by a further increase to Rs 880 per sq.ft in 2024, which is a 10% rise.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 193%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Pulikoradu

In Pulikoradu village, there are 62 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the current guideline value for Burma Colony.

• Burma colony 1st nagar: Rs 880 per sq.ft (2024)
• Burma colony 2nd nagar: Rs 880 per sq.ft (2024)
• Burma colony 3rd nagar: Rs 880 per sq.ft (2024)
• Bharathiyar Street: Rs 880 per sq.ft (2024)
• Bharathi Nagar Ext: Rs 1,650 per sq.ft (2024)
• Bharathi Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Burma Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burma Colony?

The Sub Registrar Office that covers Burma Colony 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 information.

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

The guideline value is a crucial factor in property transactions in Pulikoradu, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees payable to the government.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. The guideline value can influence the overall cost of the transaction, making it an important consideration in real estate dealings.

Frequently asked questions

What is the current guideline value of Burma Colony?

The current guideline value of Burma Colony is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, representing an overall increase of 193% over the years.

What are the other streets in Pulikoradu with the same guideline value?

Other streets in Pulikoradu with the same guideline value of Rs 880 per sq.ft include Burma colony 1st nagar, Burma colony 2nd nagar, Burma colony 3rd nagar, and Bharathiyar Street.

What is the stamp duty rate for property transactions in Burma Colony?

The stamp duty for property transactions in Burma Colony is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Burma Colony?

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