Guideline Value for EB Colony

EB Colony guideline value

The current guideline value of EB Colony in Perungalathur village is Rs 2,640 per sq.ft, effective from 1 July 2024. This area falls under the Padappai Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of EB Colony has changed

Over the years, the guideline value of EB Colony has seen several revisions. The 2012 revision set the value at Rs 2,400 per sq.ft, which was a decrease of 33% from the previous 2017 revision of Rs 1,608 per sq.ft. The 2023 revision increased the value to Rs 2,400 per sq.ft, and the latest 2024 revision has raised it further to Rs 2,640 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. EB Colony's 2024 figure of Rs 2,640 per sq.ft is above this median.

• Ebinezar Nagar: Rs 1,650 per sq.ft (2024)
• Durga Theru: Rs 1,650 per sq.ft (2024)
• Elango Theru: Rs 1,980 per sq.ft (2024)
• Durai Elumalai Street: Rs 1,980 per sq.ft (2024)
• Emarald Apartments: Rs 2,640 per sq.ft (2024)
• Dr Radhakrishnan Road: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in EB Colony

For a 1,000 sq.ft plot in EB Colony at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty is calculated at 7%, which totals Rs 1,84,800, and the registration fee is 2%, amounting to Rs 52,800. Together, the total cost for stamp duty and registration fee is Rs 2,37,600. 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 detailed calculations.

Which Sub Registrar Office covers EB Colony?

The Sub Registrar Office that covers EB Colony is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Perungalathur, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that both parties are aware of the financial implications of the transaction.

It is essential for buyers and sellers to be informed about the current guideline values in their respective areas, as these values can significantly impact the overall costs associated with property transactions. This ensures a transparent and fair process during registration.

Frequently asked questions

What is the current guideline value of EB Colony?

The current guideline value of EB Colony is Rs 2,640 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2012, the guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 2,640 per sq.ft in 2024, reflecting an overall increase of 10%.

What is the land classification of EB Colony?

EB Colony is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Padappai Sub Registrar Office located?

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

How is stamp duty calculated for properties in EB Colony?

Stamp duty for properties in EB Colony is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.