Guideline Value

Corporate

Guideline Value for E.B.Colony Vel Nagar 5th Street

₹4400/sq.ft.

The guideline value for E.b.colony Vel Nagar 5th Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 Vel Nagar 5th Street

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E.B.Colony Vel Nagar 5th Street guideline value

The current guideline value of E.B.Colony Vel Nagar 5th 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 Vel Nagar 5th Street has changed

In the 2012 revision, the guideline value was set at Rs 4,000 per sq.ft. This figure decreased by 33% in the following 2017 revision to Rs 2,680 per sq.ft. However, from 2017 to the 2024 revision, the guideline value increased by 64% to reach the current rate of Rs 4,400 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Overall, comparing the 2012 and 2024 revisions, the guideline value has seen a net increase of 10%. This reflects the fluctuations in the property valuation over the years, with significant changes occurring between the revisions.

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. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value of E.B.Colony Vel Nagar 5th Street.

Stamp duty and registration fee for property in E.B.Colony Vel Nagar 5th Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 3,96,000. 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 details.

Which Sub Registrar Office covers E.B.Colony Vel Nagar 5th Street?

The E.B.Colony Vel Nagar 5th Street falls under 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 property transactions in Velachery, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for E.B.Colony Vel Nagar 5th Street?

The current guideline value for E.B.Colony Vel Nagar 5th 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 changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,400 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

What is the land classification for E.B.Colony Vel Nagar 5th Street?

E.B.Colony Vel Nagar 5th Street is classified as Residential Class II Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in E.B.Colony Vel Nagar 5th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for E.B.Colony Vel Nagar 5th Street?

The Sub Registrar Office covering E.B.Colony Vel Nagar 5th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.