Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for M.M.D.A. COLONY - G - BLOCK - II ND STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - G - Block - Ii Nd 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 - Ii Nd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

M.M.D.A. Colony - G - Block - II Nd Street guideline value

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

The guideline value for M.M.D.A. Colony - G - Block - II Nd Street has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,250 per sq.ft. This figure saw a significant increase to Rs 5,500 per sq.ft in 2012, marking a change of +340%. However, in 2017, the value dropped to Rs 3,685 per sq.ft, reflecting a decrease of -33%. The value then rose sharply to Rs 5,500 per sq.ft in 2023, which was a +49% increase from the 2017 figure. The most recent revision in 2024 has set the guideline value at Rs 6,000 per sq.ft, representing a +9% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, 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 value for these streets is Rs 6,000 per sq.ft, which aligns with the 2024 figure for M.M.D.A. Colony - G - Block - II Nd Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - G - Block - II Nd 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, 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 further assistance.

Which Sub Registrar Office covers M.M.D.A. Colony - G - Block - II Nd Street?

The M.M.D.A. Colony - G - Block - II Nd Street falls under the jurisdiction of 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 in property transactions in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to consider the guideline value as it reflects the official valuation of the property. This value is updated periodically, and potential buyers should check the latest figures to ensure they are informed about the costs associated with property transactions.

Frequently asked questions

What is the current guideline value for M.M.D.A. Colony - G - Block - II Nd Street?

The current guideline value for M.M.D.A. Colony - G - Block - II Nd 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, reflecting an overall increase of +380% over the years.

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

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 the registration for this area?

The Kodambakkam Sub Registrar Office handles the registration for M.M.D.A. Colony - G - Block - II Nd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

Where can I find more information about other streets in Arumbakkam?

Information about other streets in Arumbakkam can be found through the links provided in the guideline values section, which lists other streets with their respective rates.