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Guideline Value

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

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - H - Block - Nehru 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 - H - Block - Nehru Street

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M.M.D.A. Colony - H - Block - Nehru Street guideline value

The current guideline value for M.M.D.A. Colony - H - Block - Nehru Street 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 - Nehru Street has changed

The guideline value for M.M.D.A. Colony - H - Block - Nehru Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, this value saw a decrease to Rs 3,685 per sq.ft in the 2017 revision. The 2023 revision raised the value to Rs 5,500 per sq.ft, and the most recent 2024 revision set it at Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 380%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with a 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 2024 figure for M.M.D.A. Colony - H - Block - Nehru Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the 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, totaling Rs 5,40,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The M.M.D.A. Colony - H - Block - Nehru 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 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 transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation. This ensures that both parties in a transaction are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - H - Block - Nehru 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 M.M.D.A. Colony - H - Block - Nehru Street?

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

What is the stamp duty rate for property in M.M.D.A. Colony - H - Block - Nehru Street?

The stamp duty rate for property in M.M.D.A. Colony - H - Block - Nehru Street is 7% of the guideline value or the sale price, whichever is higher.

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.