Guideline Value

Corporate

Guideline Value for M.M.D.A. COLONY MAIN ROAD

₹8200/sq.ft.

The guideline value for M.m.d.a. Colony Main Road in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 8200 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8200 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1555 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1120 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1017 /sq.ft.
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 Main Road

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M.M.D.A. Colony Main Road guideline value

The current guideline value of M.M.D.A. Colony Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024. This road is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of M.M.D.A. Colony Main Road has changed

The guideline value for M.M.D.A. Colony Main Road has seen several revisions over the years. In 2002, the value was Rs 1,017 per sq.ft. This increased to Rs 1,120 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 1,555 per sq.ft in 2007, which was a 39% increase. Following this, the value surged to Rs 7,500 per sq.ft in 2012, reflecting a significant 382% increase. However, it then decreased to Rs 5,025 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 7,500 per sq.ft in 2023, and most recently, it has increased to Rs 8,200 per sq.ft in 2024, which is a 9% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 706%. There are no figures available for revisions in years other than those listed above.

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 guideline value for these streets is Rs 6,000 per sq.ft, placing M.M.D.A. Colony Main Road above this median.

Stamp duty and registration fee for property in M.M.D.A. Colony Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, making the total cost for these fees Rs 7,38,000. It is important to note that 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 Main Road?

The M.M.D.A. Colony Main Road falls under the jurisdiction of 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 when buying or selling property in Arumbakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers must ensure that the sale price is either equal to or higher than the guideline value to avoid any legal complications during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony Main Road?

The current guideline value of M.M.D.A. Colony Main Road is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,017 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 706% over this period.

What is the land classification for M.M.D.A. Colony Main Road?

M.M.D.A. Colony Main Road is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000 and the registration fee would be Rs 1,64,000, totaling Rs 7,38,000.

Which office handles registrations for M.M.D.A. Colony Main Road?

The Kodambakkam Sub Registrar Office handles registrations for M.M.D.A. Colony Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.