Guideline Value for E.B. Colony 6th Street

E.B. Colony 6th Street guideline value

The current guideline value of E.B. Colony 6th 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 6th Street has changed

Since its last revision, the guideline value has seen significant changes. The guideline value was Rs 1,500 per sq.ft in 2007, which increased to Rs 2,680 per sq.ft in 2017, marking a change of 79%. In 2023, the value rose to Rs 4,000 per sq.ft, reflecting a 49% increase from the previous revision. The current guideline value of Rs 4,400 per sq.ft, effective from 1 July 2024, represents a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 for E.B. Colony 6th Street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

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 is Rs 4,400 per sq.ft, which is the same as the current value for E.B. Colony 6th Street.

• E.B. Colony 6th Cross Street: Rs 4,400 per sq.ft (2024)
• E.B. Colony Extension 1st CrossStreet: Rs 4,400 per sq.ft (2024)
• E.B. Colony 5th Street 1st Cross Street: Rs 4,400 per sq.ft (2024)
• E.B. Colony Extension 2nd CrossStreet: Rs 4,400 per sq.ft (2024)
• E.B. Colony 5th Street: Rs 4,400 per sq.ft (2024)
• E.B. Colony Extension Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in E.B. Colony 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers E.B. Colony 6th Street?

The Sub Registrar Office that covers E.B. Colony 6th 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 further assistance.

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

The guideline value plays a crucial role during property registration in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers must ensure that the sale price is equal to or greater than the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of E.B. Colony 6th Street?

The current guideline value of E.B. Colony 6th 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 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the stamp duty rate in E.B. Colony 6th Street?

The stamp duty rate for property in E.B. Colony 6th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for E.B. Colony 6th Street located?

The Sub Registrar Office for E.B. Colony 6th Street is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, which is the same as the current value for E.B. Colony 6th Street.