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Guideline Value

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Guideline Value for M.M.D.A. COLONY - I - BLOCK - I ST LANE

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - I - Block - I St Lane 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 - I St Lane

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M.M.D.A. Colony - I - Block - I St Lane guideline value

The current guideline value for M.M.D.A. Colony - I - Block - I St Lane 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 - I St Lane has changed

The guideline value for M.M.D.A. Colony - I - Block - I St Lane 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, marking a 340% rise. However, this value dropped to Rs 3,685 per sq.ft in the 2017 revision, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value increased by 49%, reaching Rs 5,500 per sq.ft, and further rose to Rs 6,000 per sq.ft in the 2024 revision, a change of 9%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 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, making the guideline value for M.M.D.A. Colony - I - Block - I St Lane equal to this median.

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

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, leading to a total of Rs 5,40,000. It is important to 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 more detailed calculations.

Which Sub Registrar Office covers M.M.D.A. Colony - I - Block - I St Lane?

The M.M.D.A. Colony - I - Block - I St Lane 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 further information.

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

The guideline value is a crucial factor during property registration in Arumbakkam. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a transaction.

When you buy or sell property, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that the registration process is aligned with the established values set by the Registration Department.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - I - Block - I St Lane 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% across the years.

What is the registration office for this area?

The Kodambakkam Sub Registrar Office covers M.M.D.A. Colony - I - Block - I St Lane, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty and registration fees for a property here?

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.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator.