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

₹6000/sq.ft.

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

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

The current guideline value of M.M.D.A. Colony - O - Block - Bagathsingh II Nd 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, classified as Residential Special Type - II.

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

The guideline value for M.M.D.A. Colony - O - Block - Bagathsingh II Nd Street has seen several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it decreased to Rs 3,685 per sq.ft in 2017. The 2023 revision set the value at Rs 5,500 per sq.ft, which was then raised to Rs 6,000 per sq.ft in 2024, marking 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 recorded for this street in the register.

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 across these streets is Rs 6,000 per sq.ft, which is equal to the current guideline value for M.M.D.A. Colony - O - Block - Bagathsingh II Nd Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - O - Block - Bagathsingh II Nd 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 at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees to 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 further calculations.

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

The M.M.D.A. Colony - O - Block - Bagathsingh II Nd 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 plays a crucial role in the registration process of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. Buyers should be aware that these fees 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 II Nd Street?

The current guideline value for M.M.D.A. Colony - O - Block - Bagathsingh II Nd 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 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting 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 II Nd Street is Residential Special Type - II.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of 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.