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Guideline Value

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Guideline Value for M.M.D.A. COLONY - E - BLOCK - DR. AMBEDKAR STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - E - Block - Dr. Ambedkar 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 - E - Block - Dr. Ambedkar Street

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M.M.D.A. Colony - E - Block - Dr. Ambedkar Street guideline value

The current guideline value of M.M.D.A. Colony - E - Block - Dr. Ambedkar 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 - E - Block - Dr. Ambedkar Street has changed

Over the years, the guideline value of M.M.D.A. Colony - E - Block - Dr. Ambedkar Street has seen significant revisions. The 2007 revision recorded a value of Rs 1,250 per sq.ft, which increased to Rs 5,500 per sq.ft in 2012, marking a substantial rise of 340%. However, between 2012 and 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, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,000 per sq.ft, a 9% increase from the previous year.

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 380%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value is Rs 6,000 per sq.ft, which matches the current value of M.M.D.A. Colony - E - Block - Dr. Ambedkar Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - E - Block - Dr. Ambedkar 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 to Rs 5,40,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers M.M.D.A. Colony - E - Block - Dr. Ambedkar Street?

The Sub Registrar Office covering M.M.D.A. Colony - E - Block - Dr. Ambedkar 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

When buying or selling property in Arumbakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a reference for calculating these fees, ensuring that they are based on a standardized valuation of the property.

It is important for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of transactions. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate duties are collected during the registration process.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony - E - Block - Dr. Ambedkar Street?

The current guideline value of M.M.D.A. Colony - E - Block - Dr. Ambedkar 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, marking an overall increase of 380% over the years.

What are the registration fees for properties in this area?

The registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 and a registration fee of Rs 1,20,000.

Which office handles the registration of properties in this area?

The Kodambakkam Sub Registrar Office handles the registration of properties in M.M.D.A. Colony - E - Block - Dr. Ambedkar Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for M.M.D.A. Colony - E - Block - Dr. Ambedkar Street?

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