Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for M.M.D.A. COLONY Q - P - KANNADASAN STREET

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony Q - P - Kannadasan 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 ₹1350 /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 Q - P - Kannadasan Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

M.M.D.A. Colony Q - P - Kannadasan Street guideline value

The current guideline value of M.M.D.A. Colony Q - P - Kannadasan 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 - P - Kannadasan Street has changed

The guideline value for M.M.D.A. Colony Q - P - Kannadasan Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,350 per sq.ft, which increased dramatically to Rs 5,500 per sq.ft in 2012, marking a rise of 307%. However, it then decreased to Rs 3,685 per sq.ft in the 2017 revision, a drop of 33%. The value rebounded to Rs 5,500 per sq.ft in 2023, and most recently, it increased to Rs 6,000 per sq.ft in the 2024 revision, representing a 9% rise.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 344%. 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 the same as the 2024 figure for M.M.D.A. Colony Q - P - Kannadasan 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 Q - P - Kannadasan 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 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. It is important to note that duty is charged on the higher of the guideline value and 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 Q - P - Kannadasan Street?

The Sub Registrar Office that covers M.M.D.A. Colony Q - P - Kannadasan Street is 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 the registration process of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of M.M.D.A. Colony Q - P - Kannadasan Street?

The current guideline value of M.M.D.A. Colony Q - P - Kannadasan 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 1,350 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, marking an overall increase of 344% over the years.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 60,00,000, the total fees would amount to Rs 5,40,000.

Which office handles property registrations for M.M.D.A. Colony Q - P - Kannadasan Street?

The Kodambakkam Sub Registrar Office handles property registrations for M.M.D.A. Colony Q - P - Kannadasan 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 - P - Kannadasan Street?

The land classification for M.M.D.A. Colony Q - P - Kannadasan Street is Residential Special Type - II, indicating its suitability for residential development.