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Guideline Value

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Guideline Value for M.M.D.A. COLONY - D -BLOCK - PANDIAN STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - D -block - Pandian 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 ₹2000 /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 - D -block - Pandian Street

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M.M.D.A. Colony - D -Block - Pandian Street guideline value

The current guideline value of M.M.D.A. Colony - D -Block - Pandian Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

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

Over the years, the guideline value for M.M.D.A. Colony - D -Block - Pandian Street has seen significant changes. The 2007 revision set the value at Rs 2,000 per sq.ft, which increased by 175% to Rs 5,500 per sq.ft in the 2012 revision. However, the value dropped by 33% to Rs 3,685 per sq.ft in the 2017 revision. Following this, the 2023 revision saw a substantial increase of 49%, bringing the value to Rs 5,500 per sq.ft, and the latest 2024 revision has raised it to Rs 6,000 per sq.ft, marking a 9% increase.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with 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 - D -Block - Pandian Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - D -Block - Pandian 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 more information, you can use the stamp duty and registration fee calculator.

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

The M.M.D.A. Colony - D -Block - Pandian Street is covered by the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Arumbakkam

The guideline value plays a crucial role during the registration process when buying or selling property in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a fair value in accordance with government regulations.

When a property is sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring compliance with the legal requirements for property transactions.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - D -Block - Pandian 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 from Rs 2,000 per sq.ft to Rs 6,000 per sq.ft in 2024, marking a total increase of 200% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 5,40,000.

Which office handles registrations for this street?

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

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

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