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Guideline Value

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Guideline Value for M.M.D.A. COLONY - C -BLOCK - CHOZHAN STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - C -block - Chozhan 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 - C -block - Chozhan Street

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M.M.D.A. Colony - C -Block - Chozhan Street guideline value

The current guideline value for M.M.D.A. Colony - C -Block - Chozhan 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 - C -Block - Chozhan Street has changed

In the 2007 revision, the guideline value was Rs 1,250 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 5,500 per sq.ft, marking a 340% increase. However, in 2017, it dropped to Rs 3,685 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 5,500 per sq.ft in 2023, representing a 49% increase. The current revision in 2024 sees the guideline value rise again to Rs 6,000 per sq.ft, which is a 9% increase from 2023.

It is important to note that there are no figures available for the revisions in 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 guideline value for these streets is Rs 6,000 per sq.ft, which is equal to the 2024 figure for M.M.D.A. Colony - C -Block - Chozhan Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - C -Block - Chozhan 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 together 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.M.D.A. Colony - C -Block - Chozhan Street?

The M.M.D.A. Colony - C -Block - Chozhan 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 property registration in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the agreed sale price.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony - C -Block - Chozhan Street?

The current guideline value of M.M.D.A. Colony - C -Block - Chozhan Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly from Rs 1,250 per sq.ft to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 380%.

What are the registration fees for a property in this area?

The registration fees are calculated based on the guideline value, which for a 1,000 sq.ft plot at Rs 6,000 per sq.ft would total Rs 60,00,000, leading to a stamp duty of Rs 4,20,000 and a registration fee of Rs 1,20,000.

Which office handles registrations for this street?

The registrations for M.M.D.A. Colony - C -Block - Chozhan Street are handled by the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the significance of the guideline value?

The guideline value is essential for determining the minimum registration value of a property, which impacts the calculation of stamp duty and registration fees during property transactions in Arumbakkam.