Guideline Value for Burma Tamizhar Colony 4th Cross Street

Burma Tamizhar Colony 4th Cross Street guideline value

The current guideline value of Burma Tamizhar Colony 4th Cross 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 4th Cross Street has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it saw a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. The changes between these revisions include a 186% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

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 for these streets is Rs 3,900 per sq.ft, placing Burma Tamizhar Colony 4th Cross Street's 2024 figure below this median.

• Burma Tamizhar Colony 3rd Street: Rs 2,200 per sq.ft (2024)
• Burma Tamizhar Colony First Street: Rs 2,200 per sq.ft (2024)
• Burma Tamizhar Colony 2nd 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 4th Cross 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 to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burma Tamizhar Colony 4th Cross Street?

The Sub Registrar Office that covers Burma Tamizhar Colony 4th Cross 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 crucial factor in the registration process when buying or selling property in Thalakanancherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers should be aware that the duty is applied to either the guideline value or the sale price, depending on which is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Burma Tamizhar Colony 4th Cross Street?

The current guideline value of Burma Tamizhar Colony 4th Cross 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 the same guideline value?

Other streets in Thalakanancherry that share the same guideline value of Rs 2,200 per sq.ft for 2024 include Burma Tamizhar Colony 3rd Street, First Street, 2nd Street, and Bhuvaneshwari Nagar.

What fees are associated with buying property in this area?

When purchasing property in Burma Tamizhar Colony 4th Cross Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Burma Tamizhar Colony 4th Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.