Guideline Value

Corporate

Guideline Value for E.B. Colony 5th Street

₹4400/sq.ft.

The guideline value for E.b. Colony 5th 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 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹306 /sq.ft.
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 Street

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E.B. Colony 5th Street guideline value

The current guideline value of E.B. Colony 5th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

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

The guideline value for E.B. Colony 5th Street has undergone several revisions over the years. In 2003, the guideline value was Rs 306 per sq.ft. This figure saw a significant increase in 2007, where it rose to Rs 1,500 per sq.ft, marking a change of +390%. The value remained unchanged at Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 increased the guideline value to Rs 4,400 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by +1338%. It is important to note that there are no figures available for the years 2002 and 2017 in the register for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is also the current guideline value for E.B. Colony 5th Street.

Stamp duty and registration fee for property in E.B. Colony 5th Street

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, and the registration fee at 2% would be Rs 88,000, bringing the total cost 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers E.B. Colony 5th Street is 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 details.

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

The guideline value is a critical factor in property transactions in Velachery. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

During the registration process, 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 of E.B. Colony 5th Street?

The current guideline value of E.B. Colony 5th 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 306 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +1338% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for E.B. Colony 5th Street?

The Velacheri Sub Registrar Office handles registrations for E.B. Colony 5th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How does the guideline value affect property transactions?

The guideline value is used as a benchmark for the minimum sale price of a property during registration. It also determines the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.