Guideline Value

Corporate

Guideline Value for MMDA C Block - Pasumpon Street

₹6000/sq.ft.

The guideline value for Mmda C Block - 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 N/A
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 Mmda C Block - Pasumpon Street

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MMDA C Block - Pasumpon Street guideline value

The current guideline value for MMDA C Block - Pasumpon Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of MMDA C Block - Pasumpon Street has changed

The guideline value for MMDA C Block - Pasumpon Street has undergone several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 5,500 per sq.ft. This was followed by a decrease to Rs 3,685 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 5,500 per sq.ft in the 2023 revision and further rose to Rs 6,000 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. The overall change from 2012 to 2024 reflects a 9% increase, showcasing the fluctuations in the guideline value over the years. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 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 equal to the 2024 figure for MMDA C Block - Pasumpon Street. Below are some other streets in Arumbakkam:

Stamp duty and registration fee for property in MMDA C Block - Pasumpon Street

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the 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, totaling Rs 5,40,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers MMDA C Block - Pasumpon Street?

The Sub Registrar Office that covers MMDA C Block - Pasumpon 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 when buying or selling property in Arumbakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for MMDA C Block - Pasumpon Street?

The current guideline value for MMDA C Block - 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 from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then back to Rs 5,500 in 2023, and finally to Rs 6,000 in 2024. The overall change from 2012 to 2024 reflects a 9% increase.

What is the land classification for MMDA C Block - Pasumpon Street?

MMDA C Block - Pasumpon Street is classified as Residential Special Type - II, indicating its suitability for residential development.

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. This office handles all registrations for properties in the area.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 60,00,000, the stamp duty is Rs 4,20,000 at 7%, and the registration fee is Rs 1,20,000 at 2%, totaling Rs 5,40,000. These fees are based on the higher of the guideline value or the sale price.