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Guideline Value

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

₹6000/sq.ft.

The guideline value for M.m.d.a. Colony- P - Q - Pasumpon 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 ₹1250 /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- P - Q - Pasumpon Street

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

The current guideline value for M.M.D.A. Colony- P - Q - Pasumpon 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, classified as Residential Special Type - II.

How the guideline value of M.M.D.A. Colony- P - Q - Pasumpon Street has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which rose significantly to Rs 5,500 per sq.ft in 2012, marking an increase of 340%. However, between 2012 and 2017, the value decreased to Rs 3,685 per sq.ft, a drop of 33%. The value then increased again to Rs 5,500 per sq.ft in 2023, and most recently, it has risen to Rs 6,000 per sq.ft in 2024, reflecting a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 380%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with 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 guideline value for M.M.D.A. Colony- P - Q - Pasumpon Street. Below are other streets in Arumbakkam:

Stamp duty and registration fee for property in M.M.D.A. Colony- P - Q - Pasumpon 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, making the total charges Rs 5,40,000. It is important to note that 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- P - Q - Pasumpon Street?

The M.M.D.A. Colony- P - Q - Pasumpon 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 is a critical factor when buying or selling property in Arumbakkam, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the sale price must be equal to or greater than the guideline value. If the sale price is lower, the higher guideline value will be used for calculating the applicable duties and fees, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

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

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

What is the land classification for this street?

The land classification for M.M.D.A. Colony- P - Q - Pasumpon Street 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 the stamp duty calculated for properties in this area?

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 would be calculated on this amount if it is higher than the sale price.