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Guideline Value

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Guideline Value for E.B Colony , Udhayam Nagar 2nd Main Road,

₹4400/sq.ft.

The guideline value for E.b Colony , Udhayam Nagar 2nd Main Road, in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on E.b Colony , Udhayam Nagar 2nd Main Road,

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E.B Colony , Udhayam Nagar 2nd Main Road, guideline value

The current guideline value for E.B Colony , Udhayam Nagar 2nd Main Road, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under Velachery village and is classified as Residential Class II Type - II, governed by the Velacheri SRO.

How the guideline value of E.B Colony , Udhayam Nagar 2nd Main Road, has changed

The guideline value for E.B Colony , Udhayam Nagar 2nd Main Road, has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the latest 2024 revision has further raised it to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which means that E.B Colony , Udhayam Nagar 2nd Main Road, aligns perfectly with this median.

Stamp duty and registration fee for property in E.B Colony , Udhayam Nagar 2nd Main Road,

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.B Colony , Udhayam Nagar 2nd Main Road,?

The E.B Colony , Udhayam Nagar 2nd Main Road, is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of E.B Colony , Udhayam Nagar 2nd Main Road?

The current guideline value of E.B Colony , Udhayam Nagar 2nd Main Road, is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for E.B Colony , Udhayam Nagar 2nd Main Road?

E.B Colony , Udhayam Nagar 2nd Main Road, is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for E.B Colony?

The Velacheri Sub Registrar Office covers E.B Colony , Udhayam Nagar 2nd Main Road, and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in E.B Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 3,08,000.