Guideline Value

Corporate

Guideline Value for E.B.Colony 2nd Cross 3rd Street

₹4400/sq.ft.

The guideline value for E.b.colony 2nd Cross 3rd Street 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 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 2nd Cross 3rd Street

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E.B.Colony 2nd Cross 3rd Street guideline value

The current guideline value of E.B.Colony 2nd Cross 3rd Street 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 2nd Cross 3rd Street has changed

The guideline value for E.B.Colony 2nd Cross 3rd Street has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,000 per sq.ft in the 2023 revision and further rose to the current rate of Rs 4,400 per sq.ft in the 2024 revision.

From the 2017 to 2023 revision, there was a notable increase of 49%. The transition from 2023 to 2024 saw a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

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, with the median being Rs 4,400 per sq.ft. The guideline value of E.B.Colony 2nd Cross 3rd Street aligns with this median.

Stamp duty and registration fee for property in E.B.Colony 2nd Cross 3rd Street

For a 1,000 sq.ft plot at the current guideline value, the total 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 for these fees to Rs 3,96,000. It is important to note that the 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 2nd Cross 3rd Street?

The E.B.Colony 2nd Cross 3rd Street falls under 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 plays a crucial role in the registration process of property transactions in Velachery. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

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 duties. 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 2nd Cross 3rd Street?

The current guideline value of E.B.Colony 2nd Cross 3rd Street 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 from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then to Rs 4,000 in 2023, and currently stands at Rs 4,400 in 2024.

What is the land classification for E.B.Colony 2nd Cross 3rd Street?

E.B.Colony 2nd Cross 3rd Street is classified as Residential Class II Type - II.

Which Sub Registrar Office handles registrations for this street?

The Velacheri Sub Registrar Office handles registrations for E.B.Colony 2nd Cross 3rd Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in E.B.Colony 2nd Cross 3rd Street?

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