Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

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

₹6000/sq.ft.

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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

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

The current guideline value for M.M.D.A. Colony - E - Block - II 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 it is classified as Residential Special Type - II.

How the guideline value of M.M.D.A. Colony - E - Block - II Lane has changed

Over the years, the guideline value for M.M.D.A. Colony - E - Block - II Lane has seen significant changes. In 2007, the guideline value was Rs 1,250 per sq.ft. This increased to Rs 5,500 per sq.ft in 2012, marking a substantial rise of 340%. However, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, which is a decline of 33%. The value then rose again to Rs 5,500 per sq.ft in 2023, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year.

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 380%.

Guideline values in Arumbakkam

In Arumbakkam, the guideline values range from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value for M.M.D.A. Colony - E - Block - II Lane aligns with this median figure.

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

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the guideline value amounts to Rs 60,00,000. The stamp duty is charged at 7%, which totals Rs 4,20,000, while the registration fee is 2%, amounting to Rs 1,20,000. Together, the total cost for these fees is 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. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers M.M.D.A. Colony - E - Block - II Lane 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 is a crucial factor during property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid potential legal issues during registration.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - E - Block - II 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 significantly from Rs 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, showing an overall increase of 380%.

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

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

Which office handles property registrations in M.M.D.A. Colony - E - Block - II Lane?

The Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, handles property registrations for this area.

What is the land classification for M.M.D.A. Colony - E - Block - II Lane?

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