Guideline Value for E.B.Colony 2nd Street

E.B.Colony 2nd Street guideline value

The current guideline value of E.B.Colony 2nd Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of E.B.Colony 2nd Street has changed

The guideline value for E.B.Colony 2nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, an increase from Rs 1,700 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision had the value at Rs 1,139 per sq.ft, indicating a significant rise of +49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by +64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing E.B.Colony 2nd Street's 2024 figure below this median.

• E.B.Colony 1st Street: Rs 1,870 per sq.ft (2024)
• Dr.Radhakrishnan Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Dobikana: Rs 1,760 per sq.ft (2024)
• Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Ganapathy Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Ganapathy Nagar 2nd Street: Rs 1,760 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. Please note that the 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 2nd Street?

The E.B.Colony 2nd Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Anakaputhur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value ensures transparency and standardization in the valuation process. Buyers should be aware that the registration fees are based on this value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of E.B.Colony 2nd Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, reflecting an overall increase of +64% over the seven-year period.

What is the registration office for E.B.Colony 2nd Street?

The registration office covering E.B.Colony 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty rates for properties in E.B.Colony 2nd Street?

The stamp duty for properties in E.B.Colony 2nd Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Are there other streets with guideline values in Anakaputhur?

Yes, there are 501 streets in Anakaputhur under the Pammal SRO with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. E.B.Colony 2nd Street's value is Rs 1,870 per sq.ft, which is below the median value of Rs 1,980 per sq.ft for the area.