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

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - E - Block - Mahathma 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 ₹1350 /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 - Mahathma Gandhi Street

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

The current guideline value for M.M.D.A. Colony - E - Block - Mahathma 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, with a land classification of Residential Special Type - II.

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

The guideline value for M.M.D.A. Colony - E - Block - Mahathma Gandhi Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,350 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, this figure decreased to Rs 3,685 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 5,500 per sq.ft, followed by the current rate of Rs 6,000 per sq.ft from July 2024.

In terms of percentage changes, the guideline value increased by 307% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The latest increase from 2023 to 2024 is 9%. Overall, from 2007 to 2024, the guideline value has increased by 344%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are a total of 391 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, which is equal to the current guideline value for M.M.D.A. Colony - E - Block - Mahathma Gandhi Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - E - Block - Mahathma Gandhi 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, bringing the total fees together to Rs 5,40,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.M.D.A. Colony - E - Block - Mahathma Gandhi Street?

The M.M.D.A. Colony - E - Block - Mahathma 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

When buying or selling property in Arumbakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. These charges are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Keeping track of revisions in guideline values can help in making informed decisions during property dealings.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - E - Block - Mahathma Gandhi 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 from Rs 1,350 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, where it rose by 307%.

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

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 5,40,000.

Which office handles the registration for this street?

The Kodambakkam Sub Registrar Office handles registrations for M.M.D.A. Colony - E - Block - Mahathma Gandhi 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 - Mahathma Gandhi Street?

The land classification for M.M.D.A. Colony - E - Block - Mahathma Gandhi Street is Residential Special Type - II, indicating its use for residential purposes.