Guideline Value for Burma Tamizhar Colony 3rd Street

Burma Tamizhar Colony 3rd Street guideline value

The current guideline value for Burma Tamizhar Colony 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village, under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Burma Tamizhar Colony 3rd Street has changed

The guideline value for Burma Tamizhar Colony 3rd Street has seen several revisions over the years. Starting from the 2007 revision, the value was set at Rs 700 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 186%. However, it then decreased to Rs 1,340 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has been revised to Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 214%.

Guideline values in Thalakanancherry

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

• Burma Tamizhar Colony 2nd 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that 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 Tamizhar Colony 3rd Street?

The Sub Registrar Office that covers Burma Tamizhar Colony 3rd 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 details.

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

The guideline value plays a crucial role in the registration process for property transactions in Thalakanancherry. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buyers and sellers agree on a sale price, the guideline value is compared to this price. The higher amount is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for Burma Tamizhar Colony 3rd Street?

The current guideline value for Burma Tamizhar Colony 3rd 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 significantly from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 214% over this period.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this street?

The Alandur Sub Registrar Office covers Burma Tamizhar Colony 3rd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for this area?

The land classification for Burma Tamizhar Colony 3rd Street is Residential Class II Type - III.