Guideline Value for Burma Kanakammal Street

Burma Kanakammal Street guideline value

The current guideline value of Burma Kanakammal Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Burma Kanakammal Street has changed

The guideline value for Burma Kanakammal Street has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it dropped to Rs 3,015 per sq.ft in 2017 before rising to Rs 4,500 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 305%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current value of Burma Kanakammal Street.

• Brindavan Street (Main Road): Rs 8,200 per sq.ft (2024)
• Brindavan Street Extension(Block 61): Rs 8,200 per sq.ft (2024)
• Brindavan Street: Rs 8,200 per sq.ft (2024)
• CBI Colony (K.K.): Rs 5,500 per sq.ft (2024)
• Brammavathy Street (JPT): Rs 4,100 per sq.ft (2024)
• Chandrasekaran Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Burma Kanakammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. 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 for more details.

Which Sub Registrar Office covers Burma Kanakammal Street?

The Sub Registrar Office that covers Burma Kanakammal Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Burma Kanakammal Street?

The current guideline value of Burma Kanakammal Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 305% over the years.

What is the registration office for Burma Kanakammal Street?

The Ashok Nagar Sub Registrar Office covers Burma Kanakammal Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft property at the guideline value of Rs 4,900 per sq.ft, the total guideline value is Rs 49,00,000. The stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

What is the land classification for Burma Kanakammal Street?

Burma Kanakammal Street is classified as Residential Class III Type - II, indicating its suitability for residential purposes.