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Guideline Value

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Guideline Value for M.M.D.A. COLONY - E - BLOCK - I LANE

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - E - Block - I Lane 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 - I Lane

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M.M.D.A. Colony - E - Block - I Lane guideline value

The current guideline value for M.M.D.A. Colony - E - Block - I Lane 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 - I Lane has changed

The guideline value for M.M.D.A. Colony - E - Block - I Lane has undergone several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 340%. However, it then decreased to Rs 3,685 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 5,500 per sq.ft in 2023, and further rose to the current rate of Rs 6,000 per sq.ft in 2024, reflecting a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 380%. The register does not have figures for the years 2002 and 2003 for this street.

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, with the median being Rs 6,000 per sq.ft. M.M.D.A. Colony - E - Block - I Lane's 2024 figure aligns with this median.

Stamp duty and registration fee for property in M.M.D.A. Colony - E - Block - I Lane

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, making the total fees 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 further calculations.

Which Sub Registrar Office covers M.M.D.A. Colony - E - Block - I Lane?

The M.M.D.A. Colony - E - Block - I Lane 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 when registering property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to government standards.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware of the current guideline value to accurately estimate the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony - E - Block - I Lane?

The current guideline value of M.M.D.A. Colony - E - Block - I Lane 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, showing an overall increase of 380% over the years.

What is the land classification of M.M.D.A. Colony - E - Block - I Lane?

The land classification for M.M.D.A. Colony - E - Block - I Lane is Residential Special Type - II.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for property in M.M.D.A. Colony - E - Block - I Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000.