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Guideline Value

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Guideline Value for M.M.D.A. COLONY - F - BLOCK - BHARATHIDASAN STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - F - Block - Bharathidasan 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 - F - Block - Bharathidasan Street

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M.M.D.A. Colony - F - Block - Bharathidasan Street guideline value

The current guideline value for M.M.D.A. Colony - F - Block - Bharathidasan 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 - F - Block - Bharathidasan Street has changed

The guideline value for M.M.D.A. Colony - F - Block - Bharathidasan Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 3,685 per sq.ft in 2017. The value then rose sharply by 49% to Rs 5,500 per sq.ft in 2023, before reaching the current figure of Rs 6,000 per sq.ft in 2024, marking a 9% increase from the previous year.

It is important to note that the register does not contain 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 guideline value for these streets is Rs 6,000 per sq.ft, which aligns with the current value of M.M.D.A. Colony - F - Block - Bharathidasan Street.

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

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, while 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.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers M.M.D.A. Colony - F - Block - Bharathidasan Street?

The Sub Registrar Office that covers M.M.D.A. Colony - F - Block - Bharathidasan Street is 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 plays a crucial role during the registration process of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is registered at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This 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 - F - Block - Bharathidasan Street?

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

What is the registration office for this street?

The registration office for M.M.D.A. Colony - F - Block - Bharathidasan 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 higher of the guideline value or the sale price of the property. For example, a property valued at Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 at the rate of 7%.

What is the land classification for M.M.D.A. Colony - F - Block - Bharathidasan Street?

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