Guideline Value

Corporate

Guideline Value for E.B.Colony Vel Nagar 6th Street

₹4400/sq.ft.

The guideline value for E.b.colony Vel Nagar 6th 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 6th Street

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E.B.Colony Vel Nagar 6th Street guideline value

The current guideline value of E.B.Colony Vel Nagar 6th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of E.B.Colony Vel Nagar 6th Street has changed

The guideline value for E.B.Colony Vel Nagar 6th Street has seen several revisions over the years. In 2012, the value was Rs 4,000 per sq.ft, which decreased to Rs 2,680 per sq.ft in 2017. However, the 2024 revision increased the value significantly to Rs 4,400 per sq.ft, marking a 64% rise from the 2017 figure. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street. This lack of data means we cannot assess any changes for those specific years.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, with values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for E.B.Colony Vel Nagar 6th Street.

Stamp duty and registration fee for property in E.B.Colony Vel Nagar 6th Street

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 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers E.B.Colony Vel Nagar 6th Street?

The E.B.Colony Vel Nagar 6th Street is covered by 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 information.

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

The guideline value is a crucial factor when buying or selling property in Velachery. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property’s assessed value.

Frequently asked questions

What is the current guideline value of E.B.Colony Vel Nagar 6th Street?

The current guideline value of E.B.Colony Vel Nagar 6th 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, and then increased to Rs 4,400 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What is the land classification for E.B.Colony Vel Nagar 6th Street?

The land classification for E.B.Colony Vel Nagar 6th Street is Residential Class II Type - II.

What is the stamp duty for property in E.B.Colony Vel Nagar 6th Street?

The stamp duty for property in E.B.Colony Vel Nagar 6th Street is calculated at 7% of the guideline value. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

Which Sub Registrar Office covers E.B.Colony Vel Nagar 6th Street?

The Velacheri Sub Registrar Office covers E.B.Colony Vel Nagar 6th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.