Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

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

₹6000/sq.ft.

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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

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

The current guideline value of M.M.D.A. Colony - I - Block - II Nd Lane is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, with a land classification of Residential Special Type - II.

How the guideline value of M.M.D.A. Colony - I - Block - II Nd Lane has changed

The guideline value for M.M.D.A. Colony - I - Block - II Nd Lane has undergone several revisions over the years. The 2007 revision set the value at Rs 1,250 per sq.ft, which saw a significant increase to Rs 5,500 per sq.ft in the 2012 revision. However, this was followed by a decrease to Rs 3,685 per sq.ft in the 2017 revision. The 2023 revision brought the value back up to Rs 5,500 per sq.ft, and the most recent 2024 revision established the current value at Rs 6,000 per sq.ft, marking a 9% increase from the previous year.

In summary, from the 2007 revision to the 2024 revision, the guideline value has increased by an overall 380%. The changes between revisions are notable, with a 340% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017, and a substantial 49% increase from 2017 to 2023. 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 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 - II Nd Lane.

Stamp duty and registration fee for property in M.M.D.A. Colony - I - Block - II Nd 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, charged at 7%, would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees together to Rs 5,40,000. It is important to note that the 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 - II Nd Lane?

The M.M.D.A. Colony - I - Block - II Nd 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 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. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value must be considered to avoid any discrepancies during the registration process. Buyers should be aware that the stamp duty and registration fees are calculated based on this value, which may affect the overall cost of the transaction.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - I - Block - II Nd 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 significantly, from Rs 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, representing an overall increase of 380% over the years.

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 property registrations in M.M.D.A. Colony - I - Block - II Nd Lane?

The Kodambakkam Sub Registrar Office handles property registrations for M.M.D.A. Colony - I - Block - II Nd Lane, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

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

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