Guideline Value for Thendral Nagar (Burma Colony)

Thendral Nagar (Burma Colony) guideline value

The current guideline value of Thendral Nagar (Burma Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Thendral Nagar (Burma Colony) has changed

Over the years, the guideline value of Thendral Nagar (Burma Colony) has seen several revisions. In 2012, the guideline value was set at Rs 2,500 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Looking at the overall changes, from 2012 to 2024, the guideline value has increased by 8%. There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is the same as the current value for Thendral Nagar (Burma Colony). Below are the guideline values for other streets in Kodungaiyur:

• Thendral Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 6h Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Thendral Nagar 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thendral Nagar (Burma Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thendral Nagar (Burma Colony)?

The Sub Registrar Office that covers Thendral Nagar (Burma Colony) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is documented accurately and that the government receives the necessary revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thendral Nagar (Burma Colony)?

The current guideline value of Thendral Nagar (Burma Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. There were no figures available for the years 2002, 2003, 2007, and 2017 for this street.

What is the land classification of Thendral Nagar (Burma Colony)?

Thendral Nagar (Burma Colony) is classified as Residential Class I Type - I. This classification indicates the type of development allowed in the area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles property registrations in the area.

How is stamp duty calculated for properties in Thendral Nagar (Burma Colony)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.