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Guideline Value

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Guideline Value for M.M.D.A. COLONY - I - BLOCK - KAMBAR STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - I - Block - Kambar 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 - I - Block - Kambar Street

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M.M.D.A. Colony - I - Block - Kambar Street guideline value

The current guideline value for M.M.D.A. Colony - I - Block - Kambar Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the jurisdiction of the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of M.M.D.A. Colony - I - Block - Kambar Street has changed

The guideline value for M.M.D.A. Colony - I - Block - Kambar Street has seen 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, from 2012 to 2017, there was a decrease to Rs 3,685 per sq.ft. The value then rose sharply to Rs 5,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 6,000 per sq.ft in 2024.

In summary, the changes between the revisions show a +340% increase from 2007 to 2012, followed by a -33% decrease from 2012 to 2017. The value then increased by +49% from 2017 to 2023 and +9% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by +380%.

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 is Rs 6,000 per sq.ft, which is the same as the current value for M.M.D.A. Colony - I - Block - Kambar Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - I - Block - Kambar 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 fees together 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.

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

Which Sub Registrar Office covers M.M.D.A. Colony - I - Block - Kambar Street?

The M.M.D.A. Colony - I - Block - Kambar 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 details.

How the guideline value is used when you buy or sell in Arumbakkam

The guideline value is a crucial factor during property transactions in Arumbakkam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory when registering property transactions. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the sale.

When a property is bought or sold, the registration office uses the guideline value to determine the applicable fees. This ensures that both parties are aware of the financial obligations involved in the transaction, making it essential to check the latest guideline values before proceeding with any property dealings.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - I - Block - Kambar 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, showing an overall increase of +380% over the years.

What is the land classification for M.M.D.A. Colony - I - Block - Kambar Street?

The land classification for M.M.D.A. Colony - I - Block - Kambar Street 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 - I - Block - Kambar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000.