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Guideline Value

Corporate

Guideline Value for E.B.Colony 3rd Street Ramakrishna Nagar

₹4400/sq.ft.

The guideline value for E.b.colony 3rd 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 3rd Street Ramakrishna Nagar

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E.B.Colony 3rd Street Ramakrishna Nagar guideline value

The current guideline value for E.B.Colony 3rd Street Ramakrishna Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This property 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 3rd Street Ramakrishna Nagar has changed

The guideline value for E.B.Colony 3rd Street Ramakrishna Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. In the following years, the value increased significantly, reaching Rs 4,000 per sq.ft in 2023 and further rising to Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, demonstrating a substantial rise in property valuation during that period. Overall, from 2012 to 2024, the guideline value has increased by 10%, indicating a gradual upward trend since the earlier years.

Guideline values in Velachery

In Velachery, there are a total of 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. The median guideline value is Rs 4,400 per sq.ft, which aligns with the current value of E.B.Colony 3rd Street Ramakrishna Nagar.

Stamp duty and registration fee for property in E.B.Colony 3rd 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 amounts to Rs 44,00,000. The stamp duty at 7% would be 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 higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E.B.Colony 3rd Street Ramakrishna Nagar?

The Sub Registrar Office that covers E.B.Colony 3rd Street Ramakrishna Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your 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 crucial factor in the registration of property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of E.B.Colony 3rd Street Ramakrishna Nagar?

The current guideline value of E.B.Colony 3rd Street Ramakrishna Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, an increase of 10%. It was Rs 2,680 per sq.ft in 2017 and Rs 4,000 per sq.ft in 2012, indicating significant fluctuations over the years.

What is the land classification of E.B.Colony 3rd Street Ramakrishna Nagar?

The land classification for E.B.Colony 3rd Street Ramakrishna Nagar is Residential Class II Type - II, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for E.B.Colony 3rd Street Ramakrishna Nagar?

The Sub Registrar Office for E.B.Colony 3rd Street Ramakrishna Nagar is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in E.B.Colony 3rd Street Ramakrishna Nagar?

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