Guideline Value

Corporate

Guideline Value for M.M.D.A COLONY -CHOZHAN STREET

₹6000/sq.ft.

The guideline value for M.m.d.a Colony -chozhan Street in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
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)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 M.m.d.a Colony -chozhan Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

M.M.D.A Colony -Chozhan Street guideline value

The current guideline value for M.M.D.A Colony -Chozhan Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of M.M.D.A Colony -Chozhan Street has changed

The guideline value for M.M.D.A Colony -Chozhan Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,350 per sq.ft, which then increased to Rs 5,500 per sq.ft in 2012. However, this value decreased to Rs 3,685 per sq.ft in 2017. The subsequent revision in 2023 raised it to Rs 5,500 per sq.ft again, and the latest revision in 2024 has set the value at Rs 6,000 per sq.ft.

From 2007 to 2012, there was a significant increase of 307%. However, the value decreased by 33% from 2012 to 2017. The rise from 2017 to 2023 was 49%, and the increase from 2023 to 2024 is 9%. Overall, from 2007 to 2024, the guideline value has increased by 344%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,000 per sq.ft, which is equal to the 2024 guideline value for M.M.D.A Colony -Chozhan Street.

Stamp duty and registration fee for property in M.M.D.A Colony -Chozhan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000, bringing the total fees to Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.M.D.A Colony -Chozhan Street?

The M.M.D.A Colony -Chozhan Street falls under the jurisdiction of the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arumbakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value serves as a benchmark for assessing the property's worth. This ensures that the government collects the appropriate taxes based on the property's value at the time of the transaction.

Frequently asked questions

What is the current guideline value for M.M.D.A Colony -Chozhan Street?

The current guideline value for M.M.D.A Colony -Chozhan Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,350 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, with various revisions in between.

What is the land classification for M.M.D.A Colony -Chozhan Street?

M.M.D.A Colony -Chozhan Street is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for M.M.D.A Colony -Chozhan Street?

The Kodambakkam Sub Registrar Office covers M.M.D.A Colony -Chozhan Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in M.M.D.A Colony -Chozhan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 at 7%.