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

₹6000/sq.ft.

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

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

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

The guideline value for M.M.D.A. Colony - I - Block -Thirumagal II Nd Street has seen several revisions over the years. The 2007 revision set the guideline value at Rs 1,250 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in the 2012 revision, marking a 340% increase. However, in the 2017 revision, the value decreased to Rs 3,685 per sq.ft, which was a 33% drop. The value then rose to Rs 5,500 per sq.ft in 2023, reflecting a 49% increase, before reaching the current rate of Rs 6,000 per sq.ft in 2024, a 9% rise.

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 guideline value for these streets is Rs 6,000 per sq.ft, which is equal to the 2024 figure for M.M.D.A. Colony - I - Block -Thirumagal II Nd Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - I - Block -Thirumagal II Nd 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 the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

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

The M.M.D.A. Colony - I - Block -Thirumagal II Nd 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 critical factor in the registration process when buying or selling property in Arumbakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - I - Block -Thirumagal II Nd 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 stamp duty and registration fees for property in this area?

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Which office handles registrations for M.M.D.A. Colony - I - Block -Thirumagal II Nd Street?

The Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, handles registrations for this area.

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

The land classification for M.M.D.A. Colony - I - Block -Thirumagal II Nd Street is Residential Special Type - II.