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Guideline Value

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Guideline Value for M.M.D.A. COLONY - G - BLOCK - I ST STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - G - Block - I St 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 - G - Block - I St Street

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M.M.D.A. Colony - G - Block - I St Street guideline value

The current guideline value for M.M.D.A. Colony - G - Block - I St 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 - G - Block - I St Street has changed

In the 2007 revision, the guideline value was Rs 1,250 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 340%. However, in the 2017 revision, the value decreased to Rs 3,685 per sq.ft, which was a decline of 33%. The value then rose again to Rs 5,500 per sq.ft in 2023, reflecting an increase of 49%. Finally, the current value as of the 2024 revision is Rs 6,000 per sq.ft, representing a 9% increase from the previous year.

The register does not contain 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. The median guideline value for these streets is Rs 6,000 per sq.ft, which is equal to the current value of M.M.D.A. Colony - G - Block - I St Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - G - Block - I St 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, making the total 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 - G - Block - I St Street?

The M.M.D.A. Colony - G - Block - I St 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 further assistance.

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

The guideline value is a critical factor in property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes based on the property's assessed value.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony - G - Block - I St Street?

The current guideline value for M.M.D.A. Colony - G - Block - I St 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 seen several revisions, with the most recent being Rs 6,000 per sq.ft in 2024. The value was Rs 5,500 per sq.ft in 2023, Rs 3,685 per sq.ft in 2017, and Rs 5,500 per sq.ft in 2012, among other revisions.

What is the land classification for this street?

The land classification for M.M.D.A. Colony - G - Block - I St Street is Residential Special Type - II.

Where can I find the registration office for this area?

The registration office covering M.M.D.A. Colony - G - Block - I St 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, a 1,000 sq.ft plot at Rs 6,000 per sq.ft would incur a stamp duty of Rs 4,20,000.