Guideline Value for E.B.Colony

E.B.Colony guideline value

The current guideline value of E.B.Colony in Mudichur village, under the Padappai SRO, is Rs 3,630 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of E.B.Colony has changed

The guideline value for E.B.Colony has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased dramatically to Rs 3,300 per sq.ft in 2012, marking a rise of 1550%. However, it then decreased to Rs 2,211 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 3,300 per sq.ft in 2023, and then increased by 10% to Rs 3,630 per sq.ft in the 2024 revision.

There are no figures available for the years 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2007 to 2024 is a remarkable increase of 1715%.

Guideline values in Mudichur

Mudichur village has 135 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing E.B.Colony's 2024 figure above this median.

• Durga Avenue: Rs 1,210 per sq.ft (2024)
• Duraisami Nagar: Rs 3,630 per sq.ft (2024)
• Ellaiamman Koil Street: Rs 1,210 per sq.ft (2024)
• Elumalai Nagar: Rs 2,200 per sq.ft (2024)
• Erikkarai Street: Rs 3,630 per sq.ft (2024)
• Eswaran Nagar: Rs 1,210 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,630 per sq.ft, the total guideline value amounts to Rs 36,30,000. The stamp duty at 7% would be Rs 2,54,100, and the registration fee at 2% would be Rs 72,600, bringing the total fees together to Rs 3,26,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.B.Colony?

The Sub Registrar Office covering E.B.Colony is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mudichur. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

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

The current guideline value of E.B.Colony is Rs 3,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 3,630 per sq.ft in 2024, reflecting an overall increase of 1715% over the period.

What is the median guideline value in Mudichur?

The median guideline value for the 135 streets in Mudichur is Rs 2,200 per sq.ft, with E.B.Colony's 2024 figure being above this median.

What are the stamp duty and registration fees for E.B.Colony?

For a 1,000 sq.ft plot, the total guideline value is Rs 36,30,000, leading to a stamp duty of Rs 2,54,100 and a registration fee of Rs 72,600, totaling Rs 3,26,700.

Where is the Sub Registrar Office for E.B.Colony located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.