Guideline Value

Corporate

Guideline Value for M.M.D.A. COLONY - MARAIMALAI ADIGALAR STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - Maraimalai Adigalar 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 ₹1350 /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 - Maraimalai Adigalar Street

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 - Maraimalai Adigalar Street guideline value

The current guideline value for M.M.D.A. Colony - Maraimalai Adigalar 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 - Maraimalai Adigalar Street has changed

The guideline value for M.M.D.A. Colony - Maraimalai Adigalar Street has seen several revisions over the years. In 2007, the value was Rs 1,350 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 307%. However, this value dropped to Rs 3,685 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 5,500 per sq.ft, and the most recent revision in 2024 set it at Rs 6,000 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 344%. It is important to note that there are no figures available 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, with a median value of Rs 6,000 per sq.ft. M.M.D.A. Colony - Maraimalai Adigalar Street's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in M.M.D.A. Colony - Maraimalai Adigalar Street

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, making the total cost 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.M.D.A. Colony - Maraimalai Adigalar Street?

The Sub Registrar Office that covers M.M.D.A. Colony - Maraimalai Adigalar Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Arumbakkam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally documented and taxed appropriately.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony - Maraimalai Adigalar Street?

The current guideline value for M.M.D.A. Colony - Maraimalai Adigalar 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 significantly from Rs 1,350 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, marking an overall increase of 344% over the years.

What is the land classification for this street?

M.M.D.A. Colony - Maraimalai Adigalar Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total cost for these fees would be Rs 5,40,000.

Which office handles registrations for M.M.D.A. Colony - Maraimalai Adigalar Street?

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