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Guideline Value

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Guideline Value for M.M.T.C. Colony Madipakkam Koot Road

₹4400/sq.ft.

The guideline value for M.m.t.c. Colony Madipakkam Koot Road in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1700 /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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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.t.c. Colony Madipakkam Koot Road

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M.M.T.C. Colony Madipakkam Koot Road guideline value

The current guideline value of M.M.T.C. Colony Madipakkam Koot Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Thalakanancherry village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of M.M.T.C. Colony Madipakkam Koot Road has changed

The guideline value for M.M.T.C. Colony Madipakkam Koot Road has undergone several revisions over the years. Starting with the 2007 revision, the value was Rs 1,700 per sq.ft. It increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 135%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase again, reaching Rs 4,000 per sq.ft in 2023, which was a 49% rise from the previous figure. Currently, the value stands at Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. M.M.T.C. Colony Madipakkam Koot Road's 2024 figure is above this median.

Stamp duty and registration fee for property in M.M.T.C. Colony Madipakkam Koot Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers M.M.T.C. Colony Madipakkam Koot Road?

The M.M.T.C. Colony Madipakkam Koot Road falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thalakanancherry

The guideline value is a critical factor in property transactions in Thalakanancherry, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures that properties are not undervalued, providing a standard for taxation and ensuring transparency in real estate transactions. It is advisable to check the latest guideline values before proceeding with any property deals in the area.

Frequently asked questions

What is the current guideline value of M.M.T.C. Colony Madipakkam Koot Road?

The current guideline value of M.M.T.C. Colony Madipakkam Koot Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 159% over this period.

What is the stamp duty for property in M.M.T.C. Colony Madipakkam Koot Road?

The stamp duty for property in M.M.T.C. Colony Madipakkam Koot Road is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration for M.M.T.C. Colony Madipakkam Koot Road?

The Alandur Sub Registrar Office handles property registration for M.M.T.C. Colony Madipakkam Koot Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the guideline values for other streets in Thalakanancherry?

Other streets in Thalakanancherry have guideline values ranging from Rs 2,200 to Rs 5,500 per sq.ft, with the median value being Rs 3,900 per sq.ft. M.M.T.C. Colony Madipakkam Koot Road's value is above this median.