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Guideline Value

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

₹6000/sq.ft.

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

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

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

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

The guideline value for M.M.D.A. Colony - E - Block - Pandian 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 2012, marking a rise of 340%. However, it then decreased to Rs 3,685 per sq.ft in 2017, reflecting a decline of 33%. The value saw a substantial increase to Rs 5,500 per sq.ft in 2023, followed by another rise to Rs 6,000 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 380%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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, with the median value being Rs 6,000 per sq.ft. M.M.D.A. Colony - E - Block - Pandian Street's 2024 guideline value is equal to this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the 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, totaling 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 the stamp duty and registration fee calculator for more details.

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

The M.M.D.A. Colony - E - Block - Pandian Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is typically referenced to ensure that the transaction is recorded at a fair value.

When you are selling or buying property, the guideline value serves as a benchmark for the price at which the property should be registered. This ensures transparency and helps in maintaining a standard procedure during the registration process.

Frequently asked questions

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

The current guideline value of M.M.D.A. Colony - E - Block - Pandian 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, representing an overall increase of 380% over the years.

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 would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Which office handles property registration for M.M.D.A. Colony - E - Block - Pandian Street?

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

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