Guideline Value for E.B.COLONY STREETS

E.B.Colony Streets guideline value

The current guideline value for E.B.Colony Streets is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO and is classified as Residential Class II Type - II.

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

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a change of +9%. The most recent revision in 2024 set the guideline value at Rs 870 per sq.ft, which is another increase of +9% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by +18%.

The register has no figure for E.B.Colony Streets for the years 2002, 2003, 2007, and 2012.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for E.B.Colony Streets is above this median.

• Durasami Avenue & Streets: Rs 770 per sq.ft (2024)
• Ellammal Koil Street: Rs 440 per sq.ft (2024)
• D.S.Avenue: Rs 768 per sq.ft (2024)
• Drr Nagar: Rs 990 per sq.ft (2024)
• Dollar County: Rs 770 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 770 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, the guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total to Rs 78,300. 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 information.

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

The Sub Registrar Office that covers E.B.Colony Streets is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Buyers must ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

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 870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 870 per sq.ft in 2024, marking an overall increase of +18%.

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

E.B.Colony Streets is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

Where is the Avadi Sub Registrar Office located?

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

How is stamp duty calculated in E.B.Colony Streets?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty and registration fee of Rs 78,300.