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Guideline Value

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

₹6000/sq.ft.

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

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M.M.D.A. Colony - O - Block - Perumal Koil Street guideline value

The current guideline value for M.M.D.A. Colony - O - Block - Perumal Koil Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, classified as Residential Special Type - II.

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

The guideline value for M.M.D.A. Colony - O - Block - Perumal Koil Street has seen 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 substantial rise of 340%. However, it then decreased to Rs 3,685 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 5,500 per sq.ft in 2023, before reaching the current value of Rs 6,000 per sq.ft in 2024, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 380%. The revisions for 2002 and 2003 do not have figures available for this street in the register.

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 value is Rs 6,000 per sq.ft, which is the same as the current guideline value for M.M.D.A. Colony - O - Block - Perumal Koil Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - O - Block - Perumal Koil 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, making the total cost 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. For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The M.M.D.A. Colony - O - Block - Perumal Koil Street falls under the jurisdiction of 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 for property transactions in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process.

In addition, the guideline value serves as a benchmark for property transactions in the area. It is important for both parties to understand that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for M.M.D.A. Colony - O - Block - Perumal Koil Street?

The current guideline value for M.M.D.A. Colony - O - Block - Perumal Koil 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, increasing 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 land classification for this street?

M.M.D.A. Colony - O - Block - Perumal Koil Street is classified as 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 the stamp duty calculated for properties in this area?

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 at 7% would be Rs 4,20,000.