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Guideline Value

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Guideline Value for M.M.D.A. COLONY - O - BLOCK - BAGATHSINGH I ST STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - O - Block - Bagathsingh I St 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 - O - Block - Bagathsingh I St Street

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M.M.D.A. Colony - O - Block - Bagathsingh I St Street guideline value

The current guideline value for M.M.D.A. Colony - O - Block - Bagathsingh I St 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 - O - Block - Bagathsingh I St Street has changed

The guideline value for M.M.D.A. Colony - O - Block - Bagathsingh I St Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,250 per sq.ft. It increased significantly to Rs 5,500 per sq.ft in 2012, marking a 340% rise. However, it then decreased to Rs 3,685 per sq.ft in 2017, which was a 33% drop. The value then saw a substantial increase to Rs 5,500 per sq.ft in 2023, followed by a further rise to Rs 6,000 per sq.ft in 2024, reflecting a 9% increase.

There are no figures available for the years 2002 and 2003 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 that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, which matches the current guideline value for M.M.D.A. Colony - O - Block - Bagathsingh I St Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - O - Block - Bagathsingh I St Street

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the guideline value amounts to Rs 60,00,000. The stamp duty is charged at 7%, totaling Rs 4,20,000, and the registration fee at 2% amounts to Rs 1,20,000. Together, the total cost for stamp duty and registration fee is Rs 5,40,000. 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 more details.

Which Sub Registrar Office covers M.M.D.A. Colony - O - Block - Bagathsingh I St Street?

The M.M.D.A. Colony - O - Block - Bagathsingh I St Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during 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 government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers must consider this value to understand the potential costs associated with registration, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for M.M.D.A. Colony - O - Block - Bagathsingh I St Street?

The current guideline value for M.M.D.A. Colony - O - Block - Bagathsingh I St 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, representing an overall increase of 380% over the years.

What is the land classification for this street?

The land classification for M.M.D.A. Colony - O - Block - Bagathsingh I St 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 are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, on a property with a guideline value of Rs 60,00,000, the total stamp duty and registration fees would amount to Rs 5,40,000.