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Guideline Value for M.M.D.A. COLONY - R- Q - BLOCK MARAIMALAI ADIGALAR STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony - R- Q - Block Maraimalai Adigalar 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 - R- Q - Block Maraimalai Adigalar Street

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M.M.D.A. Colony - R- Q - Block Maraimalai Adigalar Street guideline value

The current guideline value for M.M.D.A. Colony - R- Q - Block Maraimalai Adigalar 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 - R- Q - Block Maraimalai Adigalar Street has changed

The guideline value for M.M.D.A. Colony - R- Q - Block Maraimalai Adigalar 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 remained at Rs 5,500 per sq.ft in the 2023 revision, before increasing to Rs 6,000 per sq.ft in the 2024 revision, marking a 9% increase.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that 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 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 2024 figure for M.M.D.A. Colony - R- Q - Block Maraimalai Adigalar Street. 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- Q - Block Maraimalai Adigalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling 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 - R- Q - Block Maraimalai Adigalar Street?

The M.M.D.A. Colony - R- Q - Block Maraimalai Adigalar 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 plays a crucial role in the registration process when buying or selling property in Arumbakkam. It is used to determine the stamp duty and registration fees that are applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value for M.M.D.A. Colony - R- Q - Block Maraimalai Adigalar Street?

The current guideline value for M.M.D.A. Colony - R- Q - Block Maraimalai Adigalar 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 5,500 per sq.ft in 2023 to Rs 6,000 per sq.ft in 2024, marking a 9% increase. It was Rs 3,685 per sq.ft in 2017 and Rs 5,500 per sq.ft in 2012.

What is the land classification for this street?

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

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

The registration office for M.M.D.A. Colony - R- Q - Block Maraimalai Adigalar 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 Arumbakkam?

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