Guideline Value

Corporate

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

₹6000/sq.ft.

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

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

The current guideline value for M.M.D.A Colony -Pasumpon 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 -Pasumpon Street has changed

The guideline value for M.M.D.A Colony -Pasumpon Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,350 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in the 2012 revision, marking a rise of 307%. However, it then decreased to Rs 3,685 per sq.ft in the 2017 revision, a drop of 33%. The value rebounded to Rs 5,500 per sq.ft in the 2023 revision, before reaching the current figure of Rs 6,000 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 344%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

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

Stamp duty and registration fee for property in M.M.D.A Colony -Pasumpon 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, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

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

The M.M.D.A Colony -Pasumpon Street falls under 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 during the registration of property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When you register a property, the fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the area.

Frequently asked questions

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

The current guideline value for M.M.D.A Colony -Pasumpon 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, showing an overall increase of 344% over the years.

What are the other streets in Arumbakkam with the same guideline value?

Other streets in Arumbakkam with the same guideline value of Rs 6,000 per sq.ft include M.M.D.A. Colony - O - N - N.S.K. Street, M.M.D.A. Colony - O - Block - Perumal Koil Street, and others listed above.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 60,00,000, the total fees would be Rs 5,40,000.

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

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find more information by following the provided link.