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Guideline Value

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Guideline Value for M.M.D.A. COLONY - N - BLOCK - MUTHAMIZH STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - N - Block - Muthamizh 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 - Muthamizh Street

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M.M.D.A. Colony - N - Block - Muthamizh Street guideline value

The current guideline value for M.M.D.A. Colony - N - Block - Muthamizh 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 - N - Block - Muthamizh Street has changed

Over the years, the guideline value for M.M.D.A. Colony - N - Block - Muthamizh Street has seen several revisions. The earliest recorded figure is from 2007, which was Rs 1,250 per sq.ft. In 2012, the value increased to Rs 5,500 per sq.ft, but then decreased to Rs 3,685 per sq.ft in 2017. Following this, the guideline value rose significantly to Rs 5,500 per sq.ft in 2023, and currently stands at Rs 6,000 per sq.ft from the 2024 revision.

The changes between these revisions are notable. From 2007 to 2012, there was a substantial increase of 340%. However, from 2012 to 2017, the value dropped by 33%. The value then surged by 49% from 2017 to 2023, and has increased by 9% from 2023 to 2024. Overall, the guideline value has increased by 380% from 2007 to 2024.

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. The median guideline value for these streets is Rs 6,000 per sq.ft, which is the same as the 2024 figure for M.M.D.A. Colony - N - Block - Muthamizh Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - N - Block - Muthamizh 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.M.D.A. Colony - N - Block - Muthamizh Street?

The M.M.D.A. Colony - N - Block - Muthamizh Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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 serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that all applicable fees are paid accordingly.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony - N - Block - Muthamizh 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 over the years, with the earliest figure in 2007 being Rs 1,250 per sq.ft and currently standing at Rs 6,000 per sq.ft as of 2024.

What is the land classification for M.M.D.A. Colony - N - Block - Muthamizh Street?

The land classification for M.M.D.A. Colony - N - Block - Muthamizh Street is 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 stamp duty calculated for properties in M.M.D.A. Colony - N - Block - Muthamizh Street?

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