Guideline Value for Burma Tamizhar Colony 2nd Street

Burma Tamizhar Colony 2nd Street guideline value

The current guideline value of Burma Tamizhar Colony 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class II Type - III.

How the guideline value of Burma Tamizhar Colony 2nd Street has changed

The guideline value of Burma Tamizhar Colony 2nd Street has undergone several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value rose to Rs 2,000 per sq.ft in 2023, and currently, it stands at Rs 2,200 per sq.ft as of the 2024 revision. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 reflects a 10% rise. The most significant change was between 2007 and 2012, where the value surged by 186%. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that have a guideline value for 2024, ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, placing the 2024 figure for Burma Tamizhar Colony 2nd Street below this median.

• Burma Tamizhar Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• Burma Tamizhar Colony 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Burma Tamizhar Colony First Street: Rs 2,200 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 2,200 per sq.ft (2024)
• Bharathiyar Street: Rs 2,800 per sq.ft (2024)
• Civil Aviyesation Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Burma Tamizhar Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a combined total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Burma Tamizhar Colony 2nd Street?

The Sub Registrar Office that covers Burma Tamizhar Colony 2nd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to the prevailing rates.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Burma Tamizhar Colony 2nd Street?

The current guideline value of Burma Tamizhar Colony 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 214% over this period.

What are the other streets in Thalakanancherry with similar guideline values?

Other streets in Thalakanancherry with a guideline value of Rs 2,200 per sq.ft include Burma Tamizhar Colony 3rd Street, 4th Cross Street, and First Street, as well as Bhuvaneshwari Nagar.

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

Stamp duty is charged at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 1,98,000.

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

The Sub Registrar Office for Burma Tamizhar Colony 2nd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.