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Guideline Value

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

₹6000/sq.ft.

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

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M.M.D.A. Colony - E - Block - Samuga Kudam Street guideline value

The current guideline value for M.M.D.A. Colony - E - Block - Samuga Kudam 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 is classified as Residential Special Type - II.

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

The guideline value for M.M.D.A. Colony - E - Block - Samuga Kudam Street has undergone several revisions over the years. The earliest available figure is from 2007, with a guideline value of Rs 1,350 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a 307% rise. However, it then decreased to Rs 3,685 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 5,500 per sq.ft in 2023, followed by a further rise to the current value of Rs 6,000 per sq.ft in 2024, which is a 9% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 344%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that have 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 is equal to the current guideline value for M.M.D.A. Colony - E - Block - Samuga Kudam Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - E - Block - Samuga Kudam 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 to 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 further calculations, you can use the stamp duty and registration fee calculator.

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

The M.M.D.A. Colony - E - Block - Samuga Kudam 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 serves as a benchmark for property transactions in Arumbakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the appropriate government authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate registration based on the guideline value helps maintain transparency and legality in property dealings.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - E - Block - Samuga Kudam 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, reflecting an overall increase of 344% over the years.

What is the land classification for this street?

M.M.D.A. Colony - E - Block - Samuga Kudam Street is classified as Residential Special Type - II.

Where can I find the registration office for this area?

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

How is the 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, a property valued at Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 at 7%.