Guideline Value for M.M.D.A. COLONY Q - BLOCK - THOLKAPPIAR STREET

M.M.D.A. Colony Q - Block - Tholkappiar Street guideline value

The current guideline value of M.M.D.A. Colony Q - Block - Tholkappiar 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 Q - Block - Tholkappiar Street has changed

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

From 2023 to 2024, there was an increase of 9%. The change from 2017 to 2023 marked a substantial rise of 49%. The value decreased by 33% from 2012 to 2017, while there was a remarkable increase of 340% from 2007 to 2012. 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, making the guideline value for M.M.D.A. Colony Q - Block - Tholkappiar Street equal to this median.

• M.M.D.A. Colony Q - P - Kannadasan Street: Rs 6,000 per sq.ft (2024)
• M.M.D.A. Colony - Q - Block - Thirukuralar Street: 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- P - Q - Pasumpon Street: Rs 6,000 per sq.ft (2024)
• M.M.D.A. Colony - R - Block - Ilango Street: Rs 6,000 per sq.ft (2024)
• M.M.D.A. Colony - Post Office Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in M.M.D.A. Colony Q - Block - Tholkappiar 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 cost for these fees to 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers M.M.D.A. Colony Q - Block - Tholkappiar Street?

The M.M.D.A. Colony Q - Block - Tholkappiar 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 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 need to be paid during the transaction.

When a property is sold, the guideline value or the sale price is taken into account, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for M.M.D.A. Colony Q - Block - Tholkappiar 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 1,250 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 380% over the years.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in M.M.D.A. Colony Q - Block - Tholkappiar Street is set at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for this street?

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

What is the land classification for M.M.D.A. Colony Q - Block - Tholkappiar Street?

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