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Guideline Value

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

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - J - Block - Vinayagar 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 ₹1570 /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 - Vinayagar Koil Street

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

The current guideline value for M.M.D.A. Colony - J - Block - Vinayagar 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 - Vinayagar Koil Street has changed

The guideline value for this street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,570 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it saw a decrease to Rs 3,685 per sq.ft in 2017. The value then rose to Rs 5,500 per sq.ft in 2023, before reaching the current rate of Rs 6,000 per sq.ft in 2024, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 282%. 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 with a 2024 guideline value range from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 6,000 per sq.ft, which aligns with the current value for M.M.D.A. Colony - J - Block - Vinayagar Koil Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, making the total fees together Rs 5,40,000. Duty is charged on the higher of the guideline value and 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 - J - Block - Vinayagar Koil Street?

The M.M.D.A. Colony - J - Block - Vinayagar Koil 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 further assistance.

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

The guideline value is a crucial factor during property transactions in Arumbakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property. This ensures that the transaction is officially recorded and that the appropriate taxes are paid.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - J - Block - Vinayagar 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 1,570 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 282% 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 registrations for M.M.D.A. Colony - J - Block - Vinayagar Koil Street?

The Kodambakkam Sub Registrar Office handles registrations for M.M.D.A. Colony - J - Block - Vinayagar Koil Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for M.M.D.A. Colony - J - Block - Vinayagar Koil Street?

The land classification for M.M.D.A. Colony - J - Block - Vinayagar Koil Street is Residential Special Type - II.