Guideline Value

Corporate

Guideline Value for M.M.D.A COLONY -MAHATMA GANDHI ROAD

₹6000/sq.ft.

The guideline value for M.m.d.a Colony -mahatma Gandhi Road 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 -mahatma Gandhi Road

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M.M.D.A Colony -Mahatma Gandhi Road guideline value

The current guideline value for M.M.D.A Colony -Mahatma Gandhi Road 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 -Mahatma Gandhi Road has changed

The guideline value for M.M.D.A Colony -Mahatma Gandhi Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 6,000 per sq.ft, which is a 9% increase from the 2023 revision of Rs 5,500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 3,685 per sq.ft, reflecting a significant increase of 49% from the previous 2023 figure. The 2012 revision also recorded Rs 5,500 per sq.ft, which was a decrease of 33% from the 2017 figure. The 2007 revision was Rs 1,350 per sq.ft, marking a substantial increase of 307% to the 2012 figure.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 344%. It is important to note that the register has no figures for this street in the years 2002 and 2003.

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 current guideline value for M.M.D.A Colony -Mahatma Gandhi Road. Below are other streets in Arumbakkam:

Stamp duty and registration fee for property in M.M.D.A Colony -Mahatma Gandhi Road

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. Together, the total cost for these fees would be Rs 5,40,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers M.M.D.A Colony -Mahatma Gandhi Road?

The M.M.D.A Colony -Mahatma Gandhi Road 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 of property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value is assessed to ensure that the appropriate fees are calculated accurately. This ensures transparency and compliance with local regulations regarding property transactions.

Frequently asked questions

What is the current guideline value of M.M.D.A Colony -Mahatma Gandhi Road?

The current guideline value of M.M.D.A Colony -Mahatma Gandhi Road is Rs 6,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,350 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, marking an overall increase of 344% over the years.

What are the stamp duty and registration fees for property in M.M.D.A Colony -Mahatma Gandhi Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 60,00,000, the total fees would amount to Rs 5,40,000.

Which Sub Registrar Office covers M.M.D.A Colony -Mahatma Gandhi Road?

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

What is the land classification for M.M.D.A Colony -Mahatma Gandhi Road?

The land classification for M.M.D.A Colony -Mahatma Gandhi Road is Residential Special Type - II.