Guideline Value

Corporate

Guideline Value for E.B. Colony 5th Cross Street

₹4400/sq.ft.

The guideline value for E.b. Colony 5th Cross Street 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 N/A
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 5th Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

E.B. Colony 5th Cross Street guideline value

The current guideline value of E.B. Colony 5th 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 falls under the Residential Class II Type - II land classification.

How the guideline value of E.B. Colony 5th Cross Street has changed

The guideline value for E.B. Colony 5th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the guideline value was updated to Rs 4,000 per sq.ft, and then in 2024, it increased to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 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 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft as of 2024. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current guideline value of E.B. Colony 5th Cross Street.

Stamp duty and registration fee for property in E.B. Colony 5th 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, bringing the total to Rs 3,96,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers E.B. Colony 5th Cross Street?

The E.B. Colony 5th 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 crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the registration department.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency in transactions and helps maintain a standard across the real estate market in the area.

Frequently asked questions

What is the current guideline value of E.B. Colony 5th Cross Street?

The current guideline value of E.B. Colony 5th 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 changed from Rs 4,000 per sq.ft in 2012 and 2023 to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

What are the other streets in Velachery with the same guideline value?

Several other streets in Velachery also have a guideline value of Rs 4,400 per sq.ft in 2024, including E.B. Colony 4th Street Ramakrishna Nagar and E.B. Colony 5th Street, among others.

What is the stamp duty for property in E.B. Colony 5th Cross Street?

The stamp duty for property in E.B. Colony 5th Cross Street is 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000.

Where can I find the Sub Registrar Office for E.B. Colony 5th Cross Street?

The Sub Registrar Office covering E.B. Colony 5th Cross Street is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.