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Guideline Value

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Guideline Value for M.M.D.A. COLONY - O - N - N.S.K. STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - O - N - N.s.k. 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 - N - N.s.k. Street

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M.M.D.A. Colony - O - N - N.S.K. Street guideline value

The current guideline value of M.M.D.A. Colony - O - N - N.S.K. Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, with a land classification of Residential Special Type - II.

How the guideline value of M.M.D.A. Colony - O - N - N.S.K. Street has changed

The guideline value for M.M.D.A. Colony - O - N - N.S.K. Street has seen several revisions over the years. The 2007 revision recorded a guideline value of Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 340%. However, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, a drop of 33%. The subsequent revision in 2023 raised the value to Rs 5,500 per sq.ft, followed by the current 2024 revision, which set it at Rs 6,000 per sq.ft, reflecting a 9% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 380%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

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 is Rs 6,000 per sq.ft, which is equal to the current guideline value of M.M.D.A. Colony - O - N - N.S.K. Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - O - N - N.S.K. 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 to Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.M.D.A. Colony - O - N - N.S.K. Street?

The M.M.D.A. Colony - O - N - N.S.K. Street falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property in Arumbakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the 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 and sellers must consider this value to understand the costs associated with the registration process.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony - O - N - N.S.K. Street?

The current guideline value of M.M.D.A. Colony - O - N - N.S.K. 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 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 M.M.D.A. Colony - O - N - N.S.K. Street?

The land classification for M.M.D.A. Colony - O - N - N.S.K. Street is Residential Special Type - II.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty and registration fees for property in this area?

For a property valued at 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, totaling Rs 5,40,000.