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Guideline Value

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

₹6000/sq.ft.

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

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

The current guideline value for M.M.D.A. Colony - I - Block - Muthumahalingam 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 - I - Block - Muthumahalingam Street has changed

The guideline value for M.M.D.A. Colony - I - Block - Muthumahalingam Street has seen several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a 340% rise. However, it then dropped to Rs 3,685 per sq.ft in 2017, a decrease of 33% from the previous figure.

From 2017 to 2023, the guideline value rose by 49% to reach Rs 5,500 per sq.ft. The most recent revision in 2024 set the value at Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year. 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 2024 guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,000 per sq.ft, which aligns with the current guideline value for M.M.D.A. Colony - I - Block - Muthumahalingam Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total 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, bringing the total to Rs 5,40,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

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

The M.M.D.A. Colony - I - Block - Muthumahalingam Street falls under 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 a crucial factor during the registration of property transactions in Arumbakkam. It serves as a benchmark for calculating the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to determine the applicable duties. This ensures that the government receives the correct revenue from property transactions, reflecting the value of the property as per the current guidelines.

Frequently asked questions

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

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

Where can I find the registration office for this area?

The registration office covering M.M.D.A. Colony - I - Block - Muthumahalingam Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty rates applicable in this area?

The stamp duty rate for property transactions in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

How do I calculate the total cost of buying property in this street?

To calculate the total cost, multiply the guideline value per sq.ft by the area of the property to get the guideline value. Then calculate the stamp duty and registration fees based on that value to determine the total cost of the transaction.