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Guideline Value

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Guideline Value for M.M.D.A. COLONY - I - MUTHURAMALINGAM STREET

₹6000/sq.ft.

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

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M.M.D.A. Colony - I - Muthuramalingam Street guideline value

The current guideline value of M.M.D.A. Colony - I - Muthuramalingam Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, 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 - Muthuramalingam Street has changed

The guideline value for M.M.D.A. Colony - I - Muthuramalingam 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, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, reflecting a 33% drop. The value then rose sharply to Rs 5,500 per sq.ft in 2023, a 49% increase, before reaching the current value of Rs 6,000 per sq.ft in 2024, which is a 9% increase from the previous year.

The revisions for the years 2002 and 2003 do not have figures listed for this street in the register. 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 with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for this area is Rs 6,000 per sq.ft, which is equal to the current guideline value of M.M.D.A. Colony - I - Muthuramalingam Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - I - Muthuramalingam 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 is charged at 7%, totaling Rs 4,20,000, and the registration fee at 2% amounts to Rs 1,20,000. Together, the total cost for stamp duty and registration fee is Rs 5,40,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

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

The M.M.D.A. Colony - I - Muthuramalingam 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 when registering property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of M.M.D.A. Colony - I - Muthuramalingam 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, marking an overall increase of 380% over the years.

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

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

What is the stamp duty rate for property in M.M.D.A. Colony - I - Muthuramalingam Street?

The stamp duty rate for property transactions in M.M.D.A. Colony - I - Muthuramalingam Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for M.M.D.A. Colony - I - Muthuramalingam Street?

The Kodambakkam Sub Registrar Office handles the registration for M.M.D.A. Colony - I - Muthuramalingam Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.