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Guideline Value

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

₹6000/sq.ft.

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

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

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

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

The guideline value for M.M.D.A. Colony - E - Block - II Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in the 2012 revision. However, this figure saw a decrease in the 2017 revision, dropping to Rs 3,685 per sq.ft. The value then rose to Rs 5,500 per sq.ft in the 2023 revision, before reaching the current value of Rs 6,000 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 380%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

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. The median guideline value is Rs 6,000 per sq.ft, which aligns with the current value of M.M.D.A. Colony - E - Block - II Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - E - Block - II 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, making the total fees together 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 - E - Block - II Street?

The M.M.D.A. Colony - E - Block - II 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 more details.

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 reference point for calculating the stamp duty and registration fees that must be paid during the registration process.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. Therefore, the duty is charged based on the higher amount between the guideline value and the sale price, ensuring that the correct fees are applied during registration.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - E - Block - II 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 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 the registration for M.M.D.A. Colony - E - Block - II Street?

The Kodambakkam Sub Registrar Office handles the registration for M.M.D.A. Colony - E - Block - II 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 - II Street?

The land classification for M.M.D.A. Colony - E - Block - II Street is Residential Special Type - II, which indicates the type of residential development allowed in this area.