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Guideline Value

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Guideline Value for M.M.D.A. COLONY - H - BLOCK - II ND LANE

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - H - Block - Ii Nd 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 - Ii Nd Lane

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M.M.D.A. Colony - H - Block - II Nd Lane guideline value

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

The guideline value for M.M.D.A. Colony - H - Block - II Nd Lane has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,250 per sq.ft. This figure increased significantly to Rs 5,500 per sq.ft in 2012, marking a substantial rise of 340%. However, it then decreased to Rs 3,685 per sq.ft in 2017, a drop of 33%. Following this, the guideline value rose to Rs 5,500 per sq.ft in 2023, and further increased to Rs 6,000 per sq.ft in 2024, reflecting a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 380%. The revisions for the years 2002 and 2003 do not have any figures recorded 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 guideline value for these streets is Rs 6,000 per sq.ft, which aligns with the current value for M.M.D.A. Colony - H - Block - II Nd Lane. Below are other streets in Arumbakkam:

Stamp duty and registration fee for property in M.M.D.A. Colony - H - Block - II Nd 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, bringing the total fees 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.M.D.A. Colony - H - Block - II Nd Lane?

The M.M.D.A. Colony - H - Block - II Nd Lane 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 is a crucial factor when buying or selling property in Arumbakkam, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers must consider the guideline value as it serves as a baseline for the official valuation of the property.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - H - Block - II Nd 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 changed 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 this period.

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

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

Where can I find the Kodambakkam Sub Registrar Office?

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 - H - Block - II Nd Lane?

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 at 7% would be Rs 4,20,000.