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Guideline Value for M.M.D.A. COLONY - H - BLOCK - MUTHUMARIAMMAN KOIL STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - H - Block - Muthumariamman Koil 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 N/A
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 - Muthumariamman Koil Street

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M.M.D.A. Colony - H - Block - Muthumariamman Koil Street guideline value

The current guideline value for M.M.D.A. Colony - H - Block - Muthumariamman Koil Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, classified as Residential Special Type - II.

How the guideline value of M.M.D.A. Colony - H - Block - Muthumariamman Koil Street has changed

The guideline value for M.M.D.A. Colony - H - Block - Muthumariamman Koil Street has seen several revisions over the years. In 2012, the value was Rs 5,500 per sq.ft, which decreased to Rs 3,685 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,500 per sq.ft in 2023, and then rose to Rs 6,000 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, there has been a 9% increase. It is important to note that there are no registered figures for this street for the years 2002, 2003, and 2007.

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 matches the current guideline value for M.M.D.A. Colony - H - Block - Muthumariamman Koil Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - H - Block - Muthumariamman Koil Street

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, and the registration fee at 2% would be Rs 1,20,000, making 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.M.D.A. Colony - H - Block - Muthumariamman Koil Street?

The M.M.D.A. Colony - H - Block - Muthumariamman Koil 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 an essential factor in the registration process when buying or selling property in Arumbakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value serves as a reference point for the authorities to assess the value of the property. Buyers and sellers must be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for M.M.D.A. Colony - H - Block - Muthumariamman Koil Street?

The current guideline value for M.M.D.A. Colony - H - Block - Muthumariamman Koil 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 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,000 per sq.ft in 2024.

What is the land classification for this street?

The land classification for M.M.D.A. Colony - H - Block - Muthumariamman Koil Street is Residential Special Type - II.

Which Sub Registrar Office covers this area?

The Kodambakkam Sub Registrar Office covers M.M.D.A. Colony - H - Block - Muthumariamman Koil Street, 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, if the guideline value is Rs 60,00,000, the stamp duty at 7% would be Rs 4,20,000.