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Guideline Value

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Guideline Value for E.B.Colony 2nd Street Ramakrishna Nagar

₹4400/sq.ft.

The guideline value for E.b.colony 2nd Street Ramakrishna Nagar 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 Street Ramakrishna Nagar

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E.B.Colony 2nd Street Ramakrishna Nagar guideline value

The current guideline value of E.B.Colony 2nd Street Ramakrishna Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area 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 Street Ramakrishna Nagar has changed

The guideline value for E.B.Colony 2nd Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 4,000 per sq.ft, and the most recent 2024 revision raised it to Rs 4,400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Looking at the changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 10% in the guideline value.

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 guideline value is Rs 4,400 per sq.ft, which matches the guideline value of E.B.Colony 2nd Street.

Stamp duty and registration fee for property in E.B.Colony 2nd Street Ramakrishna Nagar

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, while 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 detailed calculations.

Which Sub Registrar Office covers E.B.Colony 2nd Street Ramakrishna Nagar?

The E.B.Colony 2nd Street Ramakrishna Nagar 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 critical factor in property transactions in Velachery, as it determines the minimum value at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees during the sale or purchase process.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with local regulations. This value is updated periodically and reflects changes in the real estate market and local development.

Frequently asked questions

What is the current guideline value of E.B.Colony 2nd Street Ramakrishna Nagar?

The current guideline value of E.B.Colony 2nd Street Ramakrishna Nagar 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 back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for E.B.Colony 2nd Street Ramakrishna Nagar?

E.B.Colony 2nd Street Ramakrishna Nagar is classified as Residential Class II Type - II.

Where can I find the registration office for E.B.Colony 2nd Street Ramakrishna Nagar?

The registration office for E.B.Colony 2nd Street Ramakrishna Nagar 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 properties in E.B.Colony 2nd Street Ramakrishna Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.