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Guideline Value

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Guideline Value for M.M.D.A COLONY -SAMOOKANALA KOODA STREET

₹6000/sq.ft.

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

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M.M.D.A Colony -Samookanala Kooda Street guideline value

The current guideline value for M.M.D.A Colony -Samookanala Kooda 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 it is classified as Residential Special Type - II.

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

The guideline value for M.M.D.A Colony -Samookanala Kooda Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 1,350 per sq.ft, which increased to Rs 5,500 per sq.ft in 2012, a rise of 307%. However, this value decreased to Rs 3,685 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased to Rs 5,500 per sq.ft in 2023, representing a 49% increase. As of the 2024 revision, the guideline value stands at Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. 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 for these streets is Rs 6,000 per sq.ft, which is equal to the guideline value of M.M.D.A Colony -Samookanala Kooda Street.

Stamp duty and registration fee for property in M.M.D.A Colony -Samookanala Kooda 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 charges 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 further calculations, you can use the stamp duty and registration fee calculator.

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

The M.M.D.A Colony -Samookanala Kooda 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 plays a crucial role in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a buyer and seller agree on a sale price, the guideline value is compared to this price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value for M.M.D.A Colony -Samookanala Kooda 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 significantly from Rs 1,350 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 344% over this period.

What factors influence the guideline value in Arumbakkam?

The guideline value in Arumbakkam is influenced by various factors, including land classification, location, and the overall market conditions reflected in the revisions made by the registration department.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the provided link to the official site, where you can enter your details to locate the nearest office.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for registration fees.