Guideline Value

Corporate

Guideline Value for E.B. Colony Extension 2nd CrossStreet

₹4400/sq.ft.

The guideline value for E.b. Colony Extension 2nd 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 2nd Crossstreet

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E.B. Colony Extension 2nd CrossStreet guideline value

The current guideline value of E.B. Colony Extension 2nd 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 2nd CrossStreet has changed

The guideline value for E.B. Colony Extension 2nd CrossStreet has seen significant changes over the years. In the 2007 revision, the value was Rs 1,500 per sq.ft, which increased to Rs 2,680 per sq.ft in 2017, marking a 79% rise. The value further increased to Rs 4,000 per sq.ft in 2023, representing a 49% increase from the previous revision.

With the latest revision in 2024, the guideline value stands at Rs 4,400 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 193%. It is important to note that there are no figures available for the years 2002, 2003, and 2012 for this street.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which matches the current value of E.B. Colony Extension 2nd CrossStreet.

Stamp duty and registration fee for property in E.B. Colony Extension 2nd 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, bringing the total 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.

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

Which Sub Registrar Office covers E.B. Colony Extension 2nd CrossStreet?

The E.B. Colony Extension 2nd CrossStreet falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions 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 from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property based on its location and classification. This transparency aids in facilitating smoother transactions and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of E.B. Colony Extension 2nd CrossStreet?

The current guideline value of E.B. Colony Extension 2nd 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 increased from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 193% over the years.

What is the land classification for E.B. Colony Extension 2nd CrossStreet?

E.B. Colony Extension 2nd CrossStreet is classified as Residential Class II Type - II.

Where can I find the registration office for E.B. Colony Extension 2nd CrossStreet?

The registration office for E.B. Colony Extension 2nd CrossStreet is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.