Guideline Value for E.B.Kudi Colony

E.B.Kudi Colony guideline value

The current guideline value of E.B.Kudi Colony, located in Pennaloor village under the Sriperumpudur SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

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

The guideline value for E.B.Kudi Colony has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 200 per sq.ft. The 2023 to 2024 revision saw no change, maintaining the value at Rs 200 per sq.ft.

It is worth noting that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has shown no net change.

Guideline values in Pennaloor

Pennaloor village has 35 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,200 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of E.B.Kudi Colony.

• Dr. A.P.J. Abdulkalam Nagar: Rs 500 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 200 per sq.ft (2024)
• Gowtham Nagar: Rs 200 per sq.ft (2024)
• Brijvaji Avenue: Rs 200 per sq.ft (2024)
• Havisha Homes: Rs 850 per sq.ft (2024)
• Heath Centre: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which would be Rs 14,000, and the registration fee at 2% would be Rs 4,000. Therefore, the total cost for stamp duty and registration fees would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers E.B.Kudi Colony?

The Sub Registrar Office that covers E.B.Kudi Colony is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pennaloor. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transacted.

Frequently asked questions

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

The current guideline value of E.B.Kudi Colony is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with no change from 2023 to 2024, while it increased by 49% from 2017 to 2023. The value was Rs 134 per sq.ft in 2017, dropped from Rs 200 per sq.ft in 2012, and has remained at Rs 200 per sq.ft since then.

What is the land classification for E.B.Kudi Colony?

The land classification for E.B.Kudi Colony is Residential Class III Type - I. This classification indicates the type of development allowed in the area.

How is stamp duty calculated for properties in E.B.Kudi Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.

Where can I find the Sub Registrar Office for E.B.Kudi Colony?

The Sub Registrar Office for E.B.Kudi Colony is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details about your SRO online.