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Guideline Value

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

₹6000/sq.ft.

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

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M.M.D.A. Colony - I - Block - III Rd Lane guideline value

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

The guideline value for M.M.D.A. Colony - I - Block - III Rd Lane has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,250 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 340%. However, the value decreased to Rs 3,685 per sq.ft in 2017, reflecting a decline of 33%. The next revision in 2023 saw a substantial increase to Rs 5,500 per sq.ft, followed by the current value of Rs 6,000 per sq.ft in 2024, which represents a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 380%. It is important to note that the register does not have 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 guideline value for 2024, 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 current value of M.M.D.A. Colony - I - Block - III Rd Lane.

Stamp duty and registration fee for property in M.M.D.A. Colony - I - Block - III Rd 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, making the total fees 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 the stamp duty and registration fee calculator for more detailed calculations.

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

The M.M.D.A. Colony - I - Block - III Rd Lane is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your nearest SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be considered for calculating the duties.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with legal requirements. This value serves as a benchmark for property transactions, ensuring that the fees are assessed fairly based on the current market conditions.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - I - Block - III Rd 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, reflecting an overall increase of 380% over the years.

Where can I find the registration office for M.M.D.A. Colony - I - Block - III Rd Lane?

The registration office for M.M.D.A. Colony - I - Block - III Rd Lane is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty and registration fees for a 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.

How is the guideline value determined for properties in Arumbakkam?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and recent revisions. It serves as a standard for calculating stamp duty and registration fees during property transactions.