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Guideline Value

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

₹6000/sq.ft.

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

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

The current guideline value of M.M.D.A. Colony - I - Block -Thirumagal 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 - I - Block -Thirumagal Street has changed

The guideline value for M.M.D.A. Colony - I - Block -Thirumagal Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,250 per sq.ft. This figure increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 340%. However, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, a decline of 33%. The value then rose again to Rs 5,500 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. 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 value is Rs 6,000 per sq.ft, which is equal to the guideline value of M.M.D.A. Colony - I - Block -Thirumagal Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - I - Block -Thirumagal 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, while the registration fee at 2% would be Rs 1,20,000. Together, the total cost for these fees would be Rs 5,40,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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

The M.M.D.A. Colony - I - Block -Thirumagal Street falls under the jurisdiction of 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 in the registration process of property transactions in Arumbakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to accurately calculate the costs involved in registering their property.

Frequently asked questions

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

The current guideline value of M.M.D.A. Colony - I - Block -Thirumagal 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, marking an overall increase of 380%.

What are the other streets in Arumbakkam with the same guideline value?

Other streets in Arumbakkam that share the same guideline value of Rs 6,000 per sq.ft include M.M.D.A. Colony - I - Block -Thirumagal II Nd Street, M.M.D.A. Colony - I - Muthuramalingam Street, and several others listed above.

What is the registration fee for properties in this area?

The registration fee for properties in M.M.D.A. Colony - I - Block -Thirumagal Street is calculated based on the guideline value. For example, for a property valued at Rs 60,00,000, the registration fee at 2% would be Rs 1,20,000.

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. This office handles the registration of properties in M.M.D.A. Colony - I - Block -Thirumagal Street.