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

₹6000/sq.ft.

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

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

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

The guideline value for M.M.D.A. Colony - G - F - Block - Bharathidasan Street has seen several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a 340% increase. However, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, a decline of 33%. The value then rose to Rs 5,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,000 per sq.ft, representing a 9% increase from the previous year.

It is important to note that the register does not have 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 is Rs 6,000 per sq.ft, which is the same as the current figure for M.M.D.A. Colony - G - F - Block - Bharathidasan Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - G - 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 amounts to Rs 60,00,000. The stamp duty, calculated 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.

You can calculate your own fees using the stamp duty and registration fee calculator.

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

The M.M.D.A. Colony - G - F - Block - Bharathidasan 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Arumbakkam, as it determines the minimum value at which a property can be registered. This ensures that the government collects the appropriate stamp duty and registration fees based on the property's value.

When a property is sold, the guideline value helps in establishing a baseline for negotiations. Buyers and sellers can use this information to make informed decisions regarding the sale price, ensuring that it aligns with the official valuation set by the government.

Frequently asked questions

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

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

What is the land classification for this street?

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

Where can I find the Sub Registrar Office for this area?

The Kodambakkam Sub Registrar Office, which covers M.M.D.A. Colony - G - F - Block - Bharathidasan Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 at a rate of 7%.