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Guideline Value

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

₹6000/sq.ft.

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

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

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

The guideline value for M.M.D.A. Colony - E - Block - III Lane has seen several revisions over the years. In 2007, the guideline value was Rs 1,250 per sq.ft, which increased by 340% to Rs 5,500 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 3,685 per sq.ft. The value then rose significantly by 49% to Rs 5,500 per sq.ft in 2023, before reaching the current figure of Rs 6,000 per sq.ft in the 2024 revision, an increase of 9%.

It is important to note that there are no figures available 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 that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,000 per sq.ft, which is equal to the current guideline value for M.M.D.A. Colony - E - Block - III Lane.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, making the total cost for stamp duty and registration fees 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 information.

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

The M.M.D.A. Colony - E - Block - III Lane falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more details, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Arumbakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - E - Block - III 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 increased from Rs 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 380% over the years.

What are the other streets with the same guideline value in Arumbakkam?

Other streets in Arumbakkam with the same guideline value of Rs 6,000 per sq.ft include M.M.D.A. Colony - E - Block - Dr. Ambedkar Street, M.M.D.A. Colony - E - Block - II Lane, and several others.

What is the registration office for M.M.D.A. Colony - E - Block - III Lane?

The registration office for M.M.D.A. Colony - E - Block - III Lane is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Arumbakkam?

Stamp duty for properties in Arumbakkam is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.