Guideline Value

Corporate

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

₹6000/sq.ft.

The guideline value for M.m.d.a Colony -kannadasan 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 -kannadasan Street

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

The current guideline value for M.M.D.A Colony -Kannadasan 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 the land classification is Residential Special Type - II.

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

The guideline value for M.M.D.A Colony -Kannadasan Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,350 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in the 2012 revision, followed by a decrease to Rs 3,685 per sq.ft in 2017. The 2023 revision brought it back up to Rs 5,500 per sq.ft, and the latest 2024 revision has set it at Rs 6,000 per sq.ft. The register has no figures for the years 2002 and 2003.

From the 2007 revision to the 2024 revision, the overall increase in guideline value is 344%. The changes between revisions include a 307% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that have 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 current guideline value for M.M.D.A Colony -Kannadasan Street. Below are other streets in Arumbakkam:

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 60,00,000. The stamp duty at 7% amounts to Rs 4,20,000, and the registration fee at 2% is Rs 1,20,000, totaling Rs 5,40,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers M.M.D.A Colony -Kannadasan Street is 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 an essential metric used during the registration process of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is crucial to be aware of the current guideline value as it influences the overall cost of the transaction. Buyers and sellers must ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value for M.M.D.A Colony -Kannadasan 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 several revisions in between showing fluctuations in value.

What is the median guideline value in Arumbakkam?

The median guideline value in Arumbakkam is Rs 6,000 per sq.ft, which is the same as the current guideline value for M.M.D.A Colony -Kannadasan Street.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 60,00,000, the stamp duty is Rs 4,20,000 and the registration fee is Rs 1,20,000, totaling Rs 5,40,000.

Where is the Sub Registrar Office for M.M.D.A Colony -Kannadasan Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.