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Guideline Value

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

₹6000/sq.ft.

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

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M.M.D.A. Colony - E - Block - Indira Gandhi Street guideline value

The current guideline value for M.M.D.A. Colony - E - Block - Indira Gandhi Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village and falls under 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 - Indira Gandhi Street has changed

The guideline value for M.M.D.A. Colony - E - Block - Indira Gandhi Street has seen significant changes over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased to Rs 5,500 per sq.ft in 2012, marking a 340% rise. However, it decreased to Rs 3,685 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 5,500 per sq.ft in 2023, followed by a further increase to the current value of Rs 6,000 per sq.ft in 2024, reflecting a 9% rise.

Notably, 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 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 guideline value for M.M.D.A. Colony - E - Block - Indira Gandhi Street. The following are other streets in Arumbakkam:

Stamp duty and registration fee for property in M.M.D.A. Colony - E - Block - Indira Gandhi Street

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 at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. It is important to note that 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 - Indira Gandhi Street?

The M.M.D.A. Colony - E - Block - Indira Gandhi 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of M.M.D.A. Colony - E - Block - Indira Gandhi Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased 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%.

What is the land classification for this street?

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

Where can I find the registration office for this area?

The registration office for M.M.D.A. Colony - E - Block - Indira Gandhi Street 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 this area?

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