Guideline Value for Burma colony

Burma colony guideline value

The current guideline value of Burma Colony in Kadaperi village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Burma colony has changed

Over the years, the guideline value of Burma Colony has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% increase. However, this value dropped to Rs 1,005 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision brought the value up to Rs 1,500 per sq.ft, and the most recent revision in 2024 has increased it to Rs 1,650 per sq.ft, a rise of 10% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 313%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is the same as the current value for Burma Colony.

• Bukthavatchalam Street: Rs 880 per sq.ft (2024)
• Burma Colony 2-nd St: Rs 1,100 per sq.ft (2024)
• Burma Colony 3rd St: Rs 1,100 per sq.ft (2024)
• Bound Street: Rs 2,200 per sq.ft (2024)
• Bhagavath Singh Street: Rs 1,650 per sq.ft (2024)
• Dhamodharan Street/Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Burma colony

For a property of 1,000 sq.ft at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details on calculating fees, you can use the stamp duty and registration fee calculator.

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 Kadaperi

The guideline value is a crucial factor when buying or selling property in Kadaperi, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Burma Colony?

The current guideline value for Burma Colony is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 313% over the years.

What is the registration office for Burma Colony?

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

How is stamp duty calculated in Kadaperi?

Stamp duty in Kadaperi is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is an additional 2% of the guideline value.

Are there other streets in Kadaperi with different guideline values?

Yes, there are other streets in Kadaperi with varying guideline values. For example, Bukthavatchalam Street has a guideline value of Rs 880 per sq.ft, while Bound Street has a value of Rs 2,200 per sq.ft.