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Guideline Value

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Guideline Value for M.M.D.A. COLONY - N - BLOCK - E.V.R. STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - N - Block - E.v.r. 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 - N - Block - E.v.r. Street

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M.M.D.A. Colony - N - Block - E.V.R. Street guideline value

The current guideline value of M.M.D.A. Colony - N - Block - E.V.R. Street 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 - N - Block - E.V.R. Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,250 per sq.ft, which increased to Rs 5,500 per sq.ft in 2012. This was followed by a decrease to Rs 3,685 per sq.ft in 2017. The 2023 revision marked an increase to Rs 5,500 per sq.ft, and the latest revision in 2024 has raised it to 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 380%. The revisions for the years 2002 and 2003 do not have figures available for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value is Rs 6,000 per sq.ft, making the 2024 figure for M.M.D.A. Colony - N - Block - E.V.R. Street equal to this median.

Stamp duty and registration fee for property in M.M.D.A. Colony - N - Block - E.V.R. Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total 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, making the total charges Rs 5,40,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers M.M.D.A. Colony - N - Block - E.V.R. Street?

The Sub Registrar Office that covers M.M.D.A. Colony - N - Block - E.V.R. 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 critical factor in the registration process when buying or selling property in Arumbakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the state receives its due revenue from property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is lower than the guideline value, the duty is calculated based on the guideline value, ensuring that all property transactions are fairly assessed.

Frequently asked questions

What is the current guideline value for M.M.D.A. Colony - N - Block - E.V.R. Street?

The current guideline value for M.M.D.A. Colony - N - Block - E.V.R. Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How much 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, marking an overall increase of 380% over this period.

What is the registration office for M.M.D.A. Colony - N - Block - E.V.R. Street?

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

What are the stamp duty rates applicable?

The stamp duty rate applicable is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.

How can I calculate the total charges for property registration?

You can calculate the total charges for property registration by using the guideline value to determine the stamp duty and registration fees. For assistance, you can use the stamp duty and registration fee calculator.