Guideline Value for E.B. Colony Main Road

E.B. Colony Main Road guideline value

The current guideline value of E.B. Colony Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of E.B. Colony Main Road has changed

The guideline value for E.B. Colony Main Road 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 change of 79%. The value further rose to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The current value of Rs 4,400 per sq.ft from the 2024 revision shows a 10% rise from 2023.

There are no registered figures for this street in the years 2002, 2003, and 2012. 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 with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current value of E.B. Colony Main Road.

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

Stamp duty and registration fee for property in E.B. Colony Main Road

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 cost to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.B. Colony Main Road?

The Sub Registrar Office that covers E.B. Colony Main Road 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 information.

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

The guideline value plays a crucial role during property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs involved in the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. 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 Main Road?

The current guideline value of E.B. Colony Main Road 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 of E.B. Colony Main Road?

E.B. Colony Main Road is classified as Residential Class II Type - II under the local land classification system.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in E.B. Colony Main Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for E.B. Colony Main Road located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.