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Guideline Value for M.M.D.A. COLONY - P - BLOCK - M.G.R. I ST STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - P - Block - M.g.r. 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 N/A
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 - P - Block - M.g.r. I St Street

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M.M.D.A. Colony - P - Block - M.G.R. I St Street guideline value

The current guideline value for M.M.D.A. Colony - P - Block - M.G.R. 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 - P - Block - M.G.R. I St Street has changed

The guideline value for M.M.D.A. Colony - P - Block - M.G.R. I St Street has undergone several revisions over the years. The 2012 revision set the value at Rs 5,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 3,685 per sq.ft. The value then increased to Rs 5,500 per sq.ft in 2023, followed by a rise to Rs 6,000 per sq.ft in the 2024 revision, reflecting a 9% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 guideline value is Rs 6,000 per sq.ft, which is equal to the 2024 figure for M.M.D.A. Colony - P - Block - M.G.R. I St Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - P - Block - M.G.R. I St Street

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the guideline value would be Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000, bringing the total to Rs 5,40,000. Please note that the 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 more details.

Which Sub Registrar Office covers M.M.D.A. Colony - P - Block - M.G.R. I St Street?

The M.M.D.A. Colony - P - Block - M.G.R. I St 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 is an important factor when buying or selling property in Arumbakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the higher amount between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony - P - Block - M.G.R. I St Street?

The current guideline value of M.M.D.A. Colony - P - Block - M.G.R. I St 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 seen several changes, with the most recent increase from Rs 5,500 per sq.ft in 2023 to Rs 6,000 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 9% increase.

What is the land classification for this street?

The land classification for M.M.D.A. Colony - P - Block - M.G.R. I St Street is Residential Special Type - II.

Which Sub Registrar Office should I visit for transactions in this area?

The Kodambakkam Sub Registrar Office covers M.M.D.A. Colony - P - Block - M.G.R. I St Street, 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. For example, for a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 at 7%.