Guideline Value

Corporate

Guideline Value for E.B. Colony Extension 1st CrossStreet

₹4400/sq.ft.

The guideline value for E.b. Colony Extension 1st Crossstreet 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 N/A
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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 Extension 1st Crossstreet

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E.B. Colony Extension 1st CrossStreet guideline value

The current guideline value for E.B. Colony Extension 1st CrossStreet 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 Extension 1st CrossStreet has changed

The guideline value for E.B. Colony Extension 1st CrossStreet has undergone several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 2,680 per sq.ft in 2017, marking a significant rise of 79%. Following this, the 2023 revision raised the value to Rs 4,000 per sq.ft, reflecting a 49% increase from the previous revision. The latest revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 in the register for this 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 for these streets is Rs 4,400 per sq.ft, which aligns with the current value for E.B. Colony Extension 1st CrossStreet.

Stamp duty and registration fee for property in E.B. Colony Extension 1st CrossStreet

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 duty is charged on the higher of the guideline value and the sale price.

For more information regarding fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.B. Colony Extension 1st CrossStreet?

The Sub Registrar Office that covers E.B. Colony Extension 1st CrossStreet 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 crucial factor in property transactions in Velachery, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. Accurate knowledge of the guideline value can help in better financial planning and compliance with legal requirements during the property registration process.

Frequently asked questions

What is the current guideline value for E.B. Colony Extension 1st CrossStreet?

The current guideline value for E.B. Colony Extension 1st CrossStreet 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 significantly from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 193% over the years.

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

For a property valued at 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 Sub Registrar Office manages registrations for this street?

The Velacheri Sub Registrar Office manages registrations for E.B. Colony Extension 1st CrossStreet, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for E.B. Colony Extension 1st CrossStreet?

The land classification for E.B. Colony Extension 1st CrossStreet is Residential Class II Type - II.