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Guideline Value

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

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - Bharathidasan 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 ₹1250 /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 - Bharathidasan Street

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

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

The guideline value for M.M.D.A. Colony - Bharathidasan Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,250 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a 340% rise. However, it then fell to Rs 3,685 per sq.ft in 2017, which represented a decrease of 33%. In 2023, the value increased again to Rs 5,500 per sq.ft, and the latest revision in 2024 set the guideline value at Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 380%.

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 - Bharathidasan Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the guideline value amounts to Rs 60,00,000. The stamp duty, charged at 7%, would be Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000, bringing the total to Rs 5,40,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The M.M.D.A. Colony - Bharathidasan 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 critical factor in the registration process when buying or selling property in Arumbakkam. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are recorded accurately and transparently, adhering to the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - Bharathidasan 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 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 380% over the years.

What are the guideline values for other streets in Arumbakkam?

Other streets in Arumbakkam under the Kodambakkam SRO have a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with the median also being Rs 6,000 per sq.ft.

What fees are associated with property registration in M.M.D.A. Colony - Bharathidasan Street?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

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