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Guideline Value

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

₹6000/sq.ft.

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

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

The current guideline value for M.M.D.A. Colony - C -Block - Pallavan 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 falls under the land classification of Residential Special Type - II.

How the guideline value of M.M.D.A. Colony - C -Block - Pallavan Street has changed

The guideline value for M.M.D.A. Colony - C -Block - Pallavan Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 1,250 per sq.ft. This value saw a significant increase to Rs 5,500 per sq.ft in 2012, marking a rise of 340%. However, by 2017, the value decreased to Rs 3,685 per sq.ft, a drop of 33%. The value then rose again to Rs 5,500 per sq.ft in 2023, followed by the current figure of Rs 6,000 per sq.ft in 2024, reflecting a 9% increase from the previous year.

In summary, the changes in guideline value from 2007 to 2024 show an overall increase of 380%. The revisions for the years 2002 and 2003 have no figures recorded for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,000 per sq.ft, which is the same as the guideline value for M.M.D.A. Colony - C -Block - Pallavan Street. Below are other streets in Arumbakkam with their respective guideline values:

Stamp duty and registration fee for property in M.M.D.A. Colony - C -Block - Pallavan 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 cost for these 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 further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers M.M.D.A. Colony - C -Block - Pallavan Street is 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 reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction, as these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - C -Block - Pallavan 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 1,250 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 stamp duty and registration fees for a property in this area?

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Which office handles registrations for M.M.D.A. Colony - C -Block - Pallavan Street?

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

What is the land classification for M.M.D.A. Colony - C -Block - Pallavan Street?

The land classification for M.M.D.A. Colony - C -Block - Pallavan Street is Residential Special Type - II.