Guideline Value

Corporate

Guideline Value for M.M.D.A COLONY -MARAIMALAI ADIGAL STREET

₹6000/sq.ft.

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

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M.M.D.A Colony -Maraimalai Adigal Street guideline value

The current guideline value of M.M.D.A Colony -Maraimalai Adigal 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 -Maraimalai Adigal Street has changed

The guideline value for M.M.D.A Colony -Maraimalai Adigal Street has seen several revisions over the years. In 2007, the value was Rs 1,350 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a 307% increase. However, by 2017, the value dropped to Rs 3,685 per sq.ft, a decrease of 33% from the previous revision. The value then rose again to Rs 5,500 per sq.ft in 2023, followed by the latest revision in 2024, which set the guideline value at Rs 6,000 per sq.ft, reflecting a 9% increase.

Overall, from 2007 to 2024, there has been a substantial increase of 344% in the guideline value. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

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 for these streets is Rs 6,000 per sq.ft, which is equal to the 2024 figure for M.M.D.A Colony -Maraimalai Adigal Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and 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.

For more information, you can use the stamp duty and registration fee calculator.

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

The M.M.D.A Colony -Maraimalai Adigal Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Arumbakkam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of M.M.D.A Colony -Maraimalai Adigal Street?

The current guideline value of M.M.D.A Colony -Maraimalai Adigal 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, reflecting an overall increase of 344%.

What is the land classification of M.M.D.A Colony -Maraimalai Adigal Street?

The land classification for M.M.D.A Colony -Maraimalai Adigal Street is Residential Special Type - II.

Where can I find the registration office for this street?

The registration office for M.M.D.A Colony -Maraimalai Adigal Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for property in M.M.D.A Colony -Maraimalai Adigal Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 6,000 per sq.ft, the stamp duty would be Rs 4,20,000.