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Guideline Value

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Guideline Value for M.M.D.A. COLONY - P - BLOCK - POST OFFICE STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - P - Block - Post Office 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 ₹1300 /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 - P - Block - Post Office Street

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M.M.D.A. Colony - P - Block - Post Office Street guideline value

The current guideline value of M.M.D.A. Colony - P - Block - Post Office 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 - Post Office Street has changed

The guideline value for M.M.D.A. Colony - P - Block - Post Office Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,300 per sq.ft. This figure increased significantly to Rs 5,500 per sq.ft in 2012, marking a 323% rise. However, it then decreased to Rs 3,685 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 5,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 6,000 per sq.ft, a 9% increase from 2023.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 362%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with a 2024 guideline value range 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 matches the 2024 figure for M.M.D.A. Colony - P - Block - Post Office Street.

Stamp duty and registration fee for property in M.M.D.A. Colony - P - Block - Post Office 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 duty is charged on the higher of the guideline value and 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 - P - Block - Post Office Street?

The Kodambakkam Sub Registrar Office covers M.M.D.A. Colony - P - Block - Post Office Street. The office is 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 a crucial factor when registering property transactions in Arumbakkam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When buyers and sellers agree on a sale price, the higher amount between the sale price and the guideline value is used to determine the applicable fees. This ensures that the transaction is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony - P - Block - Post Office Street?

The current guideline value of M.M.D.A. Colony - P - Block - Post Office 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 1,300 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting a total increase of 362% over the years.

What factors influence the guideline value?

The guideline value is determined by revisions made by the Registration Department, which consider various factors including land classification and market conditions. For M.M.D.A. Colony - P - Block - Post Office Street, it is classified as Residential Special Type - II.

Where can I find the registration office for M.M.D.A. Colony - P - Block - Post Office Street?

The registration office for M.M.D.A. Colony - P - Block - Post Office Street is the Kodambakkam Sub Registrar Office, 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, a property valued at Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 at a rate of 7%.