Guideline Value for E.B. Colony 2nd Cross Street

E.B. Colony 2nd Cross Street guideline value

The current guideline value of E.B. Colony 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of E.B. Colony 2nd Cross Street has changed

Over the years, the guideline value of E.B. Colony 2nd Cross Street has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 4,000 per sq.ft, but in the 2024 revision, it increased to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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 matches the current guideline value of E.B. Colony 2nd Cross Street.

• E.B.Colony 2nd Cross 3rd Street: Rs 4,400 per sq.ft (2024)
• E.B. Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• E.B.Colony 1st Street Ramakrishna Nagar: Rs 4,400 per sq.ft (2024)
• E.B.Colony 2nd Street Ramakrishna Nagar: Rs 4,400 per sq.ft (2024)
• E.B. Colony 1st Street: Rs 4,400 per sq.ft (2024)
• E.B. Colony 3rd Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in E.B. Colony 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers E.B. Colony 2nd Cross Street?

The E.B. Colony 2nd Cross Street falls under 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 reference point used during property transactions in Velachery. It is essential for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are calculated based on the established rates. It is crucial to consult the guideline value register for the most current figures.

Frequently asked questions

What is the current guideline value of E.B. Colony 2nd Cross Street?

The current guideline value of E.B. Colony 2nd Cross Street 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 increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, marking a total increase of 10% over this period.

What is the stamp duty for property in E.B. Colony 2nd Cross Street?

The stamp duty for property in E.B. Colony 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

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

Where can I find more information on guideline values in Velachery?

You can find more information on guideline values in Velachery by consulting the Registration Department's guideline value register or visiting the Velacheri SRO.