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Guideline Value for M.M.D.A. COLONY - J - BLOCK - GNANAVINAYAGAR KOIL STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - J - Block - Gnanavinayagar Koil 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 - J - Block - Gnanavinayagar Koil Street

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M.M.D.A. Colony - J - Block - Gnanavinayagar Koil Street guideline value

The current guideline value for M.M.D.A. Colony - J - Block - Gnanavinayagar Koil Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO and is classified as Residential Special Type - II.

How the guideline value of M.M.D.A. Colony - J - Block - Gnanavinayagar Koil Street has changed

The guideline value for this 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, reflecting a rise of 340%. However, between 2012 and 2017, the value decreased to Rs 3,685 per sq.ft, marking a decline of 33%. The value then rose to Rs 5,500 per sq.ft in 2023, a 49% increase from the previous revision. The most recent revision in 2024 set the value at Rs 6,000 per sq.ft, a 9% increase from 2023.

There are no figures available for the years 2002 and 2003 in the register 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 with 2024 guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value is Rs 6,000 per sq.ft, which aligns with the guideline value for M.M.D.A. Colony - J - Block - Gnanavinayagar Koil Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - J - Block - Gnanavinayagar Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the guideline value is 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers M.M.D.A. Colony - J - Block - Gnanavinayagar Koil Street?

The Sub Registrar Office covering M.M.D.A. Colony - J - Block - Gnanavinayagar Koil Street is 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 crucial factor in the registration of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue from property sales.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value for M.M.D.A. Colony - J - Block - Gnanavinayagar Koil Street?

The current guideline value for M.M.D.A. Colony - J - Block - Gnanavinayagar Koil 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, reflecting an overall increase of 380% over the years.

What is the land classification for this street?

M.M.D.A. Colony - J - Block - Gnanavinayagar Koil Street is classified as Residential Special Type - II.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the actual sale price. For example, for a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 at 7%.