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Guideline Value

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

₹6000/sq.ft.

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

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

The current guideline value of M.M.D.A. Colony - O - Block - Bagathsingh 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 it falls under the land classification of Residential Special Type - II.

How the guideline value of M.M.D.A. Colony - O - Block - Bagathsingh Street has changed

The guideline value for M.M.D.A. Colony - O - Block - Bagathsingh Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a 340% increase. However, this value decreased to Rs 3,685 per sq.ft in 2017, reflecting a 33% drop. The value then rose to Rs 5,500 per sq.ft in 2023, and it has now reached Rs 6,000 per sq.ft in the 2024 revision, a 9% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street in the register. 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 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 - O - Block - Bagathsingh Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - O - Block - Bagathsingh 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 charges Rs 5,40,000. It is important to note that the 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 details.

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

The Sub Registrar Office that covers M.M.D.A. Colony - O - Block - Bagathsingh 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 further assistance.

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

When buying or selling property in Arumbakkam, the guideline value is a crucial factor that determines the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which properties can be registered, ensuring that transactions are recorded at a fair value.

During the registration process, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of M.M.D.A. Colony - O - Block - Bagathsingh 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, from Rs 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 380%.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in M.M.D.A. Colony - O - Block - Bagathsingh Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Kodambakkam Sub Registrar Office covers M.M.D.A. Colony - O - Block - Bagathsingh Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for M.M.D.A. Colony - O - Block - Bagathsingh Street?

The land classification for M.M.D.A. Colony - O - Block - Bagathsingh Street is Residential Special Type - II.