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

₹6000/sq.ft.

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

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M.M.D.A. Colony - G - Block -Muthamizh Kavalar Street guideline value

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

The guideline value for M.M.D.A. Colony - G - Block -Muthamizh Kavalar Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 1,250 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a remarkable rise of 340%. However, it then decreased to Rs 3,685 per sq.ft in 2017, representing a decline of 33%. From 2017 to 2023, the value surged to Rs 5,500 per sq.ft, an increase of 49%. The latest revision in 2024 set the value at Rs 6,000 per sq.ft, a 9% increase from the previous year.

It is important to note that there are no figures available 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 have a guideline value for 2024, 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 value of M.M.D.A. Colony - G - Block -Muthamizh Kavalar Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - G - Block -Muthamizh Kavalar 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, resulting in a total of Rs 5,40,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 -Muthamizh Kavalar Street?

The M.M.D.A. Colony - G - Block -Muthamizh Kavalar Street falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Arumbakkam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value of M.M.D.A. Colony - G - Block -Muthamizh Kavalar 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, starting from Rs 1,250 per sq.ft in 2007, increasing to Rs 5,500 in 2012, decreasing to Rs 3,685 in 2017, and finally rising to Rs 6,000 in 2024.

What is the land classification of M.M.D.A. Colony - G - Block -Muthamizh Kavalar Street?

The land classification for M.M.D.A. Colony - G - Block -Muthamizh Kavalar 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 -Muthamizh Kavalar 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 of the property, whichever is higher. For example, a property valued at Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 at a rate of 7%.