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

₹6000/sq.ft.

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

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M.M.D.A. Colony - H - Block - Thirupur Kumaran Street guideline value

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

The guideline value for M.M.D.A. Colony - H - Block - Thirupur Kumaran Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,250 per sq.ft. It increased significantly by 340% to Rs 5,500 per sq.ft in the 2012 revision. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 3,685 per sq.ft. The 2017 revision saw a substantial increase of 49%, raising the value to Rs 5,500 per sq.ft in 2023.

As of the 2024 revision, the guideline value has increased by 9% to Rs 6,000 per sq.ft. The register does not contain figures 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 guideline value for these streets is Rs 6,000 per sq.ft, which is equal to the current value for M.M.D.A. Colony - H - Block - Thirupur Kumaran Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - H - Block - Thirupur Kumaran 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, bringing the total to Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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

The M.M.D.A. Colony - H - Block - Thirupur Kumaran 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 serves as a benchmark for property transactions in Arumbakkam. When buying or selling property, it is essential to consider the guideline value as it determines the stamp duty and registration fees applicable during the registration process.

Property buyers and sellers should be aware that the guideline value is updated periodically, reflecting changes in the real estate market. It is advisable to check the latest guideline value before initiating any property transaction to ensure compliance with the registration requirements.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - H - Block - Thirupur Kumaran 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 significantly, from Rs 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, an overall increase of 380%.

What is the land classification for this street?

The land classification for M.M.D.A. Colony - H - Block - Thirupur Kumaran Street 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 - Thirupur Kumaran Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. 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%.