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Guideline Value

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

₹6000/sq.ft.

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

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M.M.D.A. Colony - H - Block - IV Lane guideline value

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

The guideline value for M.M.D.A. Colony - H - Block - IV 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 value increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 340%. However, the value then decreased to Rs 3,685 per sq.ft in 2017, which was a decline of 33%. In 2023, the guideline value was revised to Rs 5,500 per sq.ft, and it increased again to Rs 6,000 per sq.ft in 2024, reflecting a growth of 9%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 380%, showcasing significant changes over the years.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO carrying 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 is equal to the current guideline value for M.M.D.A. Colony - H - Block - IV Lane.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000, totaling 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 also use our stamp duty and registration fee calculator for more accurate calculations.

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

The M.M.D.A. Colony - H - Block - IV Lane falls under the jurisdiction of 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 plays a crucial role during the registration of property transactions in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - H - Block - IV 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 several times, starting 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 registration office for this area?

The registration office covering M.M.D.A. Colony - H - Block - IV 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 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 Rs 4,20,000 at a rate of 7%.

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

Other streets in Arumbakkam that share the same guideline value of Rs 6,000 per sq.ft include M.M.D.A. Colony - H - Block - I St Street, M.M.D.A. Colony - H - Block - Muthumariamman Koil Street, and several others.