Guideline Value for E.B.COLONY STREETS

E.B.Colony Streets guideline value

The current guideline value for E.B.Colony Streets is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of E.B.Colony Streets has changed

The guideline value for E.B.Colony Streets has undergone several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision, marking a change of +9%. The latest revision in 2024 raised the value to Rs 840 per sq.ft, reflecting a +5% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +14%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for E.B.Colony Streets is above this median.

• Durasami Avenue & Streets: Rs 750 per sq.ft (2024)
• Ellammal Koil Street: Rs 440 per sq.ft (2024)
• D.S.Avenue: Rs 770 per sq.ft (2024)
• Drr Nagar: Rs 990 per sq.ft (2024)
• Ennai Petra Thaiyar Nagar: Rs 660 per sq.ft (2024)
• Dollar County: Rs 750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.B.Colony Streets?

The E.B.Colony Streets are covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To locate your SRO, you can find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor when registering property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for E.B.Colony Streets?

The current guideline value for E.B.Colony Streets is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. This represents an overall increase of +14% from 2017 to 2024.

What are the stamp duty and registration fees for properties in E.B.Colony Streets?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for E.B.Colony Streets?

The Avadi Sub Registrar Office is responsible for E.B.Colony Streets, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for E.B.Colony Streets?

E.B.Colony Streets are classified as Residential Class II Type - II, indicating the type of development permissible in this area.