Guideline Value for M.M.D.A. COLONY - R - BLOCK - PASUMPON STREET

M.M.D.A. Colony - R - Block - Pasumpon Street guideline value

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

How the guideline value of M.M.D.A. Colony - R - Block - Pasumpon Street has changed

The guideline value for M.M.D.A. Colony - R - Block - Pasumpon Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in the 2012 revision. However, it dropped to Rs 3,685 per sq.ft in the 2017 revision. The 2023 revision saw a rise to Rs 5,500 per sq.ft, and the most recent 2024 revision set the value at Rs 6,000 per sq.ft.

From the 2017 to 2023 revision, there was a notable increase of 49%. The transition from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 340%. Overall, from 2007 to 2024, the guideline value has increased by 380%. The register has no figures for the years 2002 and 2003 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 2024 figure for M.M.D.A. Colony - R - Block - Pasumpon Street.

• M.M.D.A. Colony - R - Block - Ilango Street: Rs 6,000 per sq.ft (2024)
• M.M.D.A. Colony - R - Block - Water Tank Road: Rs 6,000 per sq.ft (2024)
• M.M.D.A Colony - Quaide Millath Street: Rs 6,000 per sq.ft (2024)
• M.M.D.A. Colony - R- Q - Block Maraimalai Adigalar Street: Rs 6,000 per sq.ft (2024)
• M.M.D.A Colony - Q - P - Kannadasan Street: Rs 6,000 per sq.ft (2024)
• M.M.D.A Colony - Samookanala Kooda Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in M.M.D.A. Colony - R - Block - Pasumpon 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.M.D.A. Colony - R - Block - Pasumpon Street?

The M.M.D.A. Colony - R - Block - Pasumpon Street falls under 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 a crucial factor during property registration in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory charges. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony - R - Block - Pasumpon Street?

The current guideline value of M.M.D.A. Colony - R - Block - Pasumpon 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, showing an overall increase of 380% over the years.

Where can I find the registration office for M.M.D.A. Colony - R - Block - Pasumpon Street?

The registration office for M.M.D.A. Colony - R - Block - Pasumpon Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the stamp duty rate for properties in M.M.D.A. Colony - R - Block - Pasumpon Street?

The stamp duty rate for properties in M.M.D.A. Colony - R - Block - Pasumpon Street is 7% of the guideline value or the sale price, whichever is higher.

What is the land classification for M.M.D.A. Colony - R - Block - Pasumpon Street?

The land classification for M.M.D.A. Colony - R - Block - Pasumpon Street is Residential Special Type - II.