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Guideline Value

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Guideline Value for M.M.D.A. COLONY - R - BLOCK - WATER TANK ROAD

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - R - Block - Water Tank Road 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 ₹1500 /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 - R - Block - Water Tank Road

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M.M.D.A. Colony - R - Block - Water Tank Road guideline value

The current guideline value for M.M.D.A. Colony - R - Block - Water Tank Road is Rs 6,000 per sq.ft, effective from 1 July 2024. This property 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 - R - Block - Water Tank Road has changed

The guideline value has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,500 per sq.ft. This value increased significantly to Rs 5,500 per sq.ft in 2012, marking a 267% rise. However, it then decreased to Rs 3,685 per sq.ft in 2017, a drop of 33%. The value then surged to Rs 5,500 per sq.ft in 2023, which is a 49% increase from the previous revision. As of the 2024 revision, the guideline value stands at Rs 6,000 per sq.ft, reflecting a 9% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

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 for these streets is Rs 6,000 per sq.ft, which is equal to the current guideline value for M.M.D.A. Colony - R - Block - Water Tank Road. Below are other streets in Arumbakkam with their respective guideline values:

Stamp duty and registration fee for property in M.M.D.A. Colony - R - Block - Water Tank Road

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. Together, the total cost for these fees would be Rs 5,40,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 - Water Tank Road?

The M.M.D.A. Colony - R - Block - Water Tank Road 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 a crucial factor in property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value of a property for the purposes of registration. When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Additionally, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of property registration. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for M.M.D.A. Colony - R - Block - Water Tank Road?

The current guideline value for M.M.D.A. Colony - R - Block - Water Tank Road 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 1,500 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for this area?

The land classification for M.M.D.A. Colony - R - Block - Water Tank Road is 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 stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 at 7%.