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Guideline Value

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

₹6000/sq.ft.

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

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M.M.D.A. Colony - G - Block - Vallalar Street guideline value

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

The guideline value for M.M.D.A. Colony - G - Block - Vallalar Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,350 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, there was a decrease to Rs 3,685 per sq.ft in 2017, followed by a substantial increase to Rs 5,500 per sq.ft in 2023. The latest revision in 2024 has brought the guideline value to Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 344%. Notably, there are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, a total of 391 streets are registered under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,000 per sq.ft, which is the same as the current guideline value for M.M.D.A. Colony - G - Block - Vallalar Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - G - Block - Vallalar 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 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 more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers M.M.D.A. Colony - G - Block - Vallalar 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a buyer or seller approaches the registration office, the guideline value will be assessed to ensure that the correct duties are paid. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - G - Block - Vallalar 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, marking an overall increase of 344% over the years.

What are the other streets in Arumbakkam with the same guideline value?

Other streets in Arumbakkam with the same guideline value of Rs 6,000 per sq.ft include M.M.D.A. Colony - G - Block - Thirupur Kumaran Street, M.M.D.A. Colony - G - F - Block - Bharathidasan Street, and several others.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in M.M.D.A. Colony - G - Block - Vallalar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 60,00,000, the stamp duty would be calculated accordingly.