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Guideline Value

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Guideline Value for M.M.D.A. COLONY - H - BLOCK - I ST LANE

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - H - Block - I St Lane 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 - H - Block - I St Lane

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M.M.D.A. Colony - H - Block - I St Lane guideline value

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

The guideline value for M.M.D.A. Colony - H - Block - I St Lane has seen several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 1,250 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a 340% rise. However, it then decreased to Rs 3,685 per sq.ft in 2017, which was a 33% drop. The value rose again to Rs 5,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year.

In summary, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the increase is a substantial 380%. It is important to note that there are no figures available 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 value is Rs 6,000 per sq.ft, which is the same as the current guideline value for M.M.D.A. Colony - H - Block - I St Lane.

Stamp duty and registration fee for property in M.M.D.A. Colony - H - Block - I St Lane

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 higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers M.M.D.A. Colony - H - Block - I St Lane?

The M.M.D.A. Colony - H - Block - I St Lane is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value for M.M.D.A. Colony - H - Block - I St Lane?

The current guideline value for M.M.D.A. Colony - H - Block - I St Lane 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 increased from Rs 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, marking an overall increase of 380% over the years.

What is the land classification for M.M.D.A. Colony - H - Block - I St Lane?

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

Where can I find the registration office for this area?

The registration office for M.M.D.A. Colony - H - Block - I St Lane 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 instance, a property valued at Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 at a rate of 7%.