Guideline Value for MMDA E- Block 6th Lane

MMDA E- Block 6th Lane guideline value

The current guideline value for MMDA E- Block 6th Lane is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of MMDA E- Block 6th Lane has changed

Since the 2012 revision, the guideline value for MMDA E- Block 6th Lane has seen several changes. The 2012 revision set the value at Rs 5,500 per sq.ft, which was a decrease of 33% from the previous value in 2017, which was Rs 3,685 per sq.ft. The value increased to Rs 5,500 per sq.ft again in 2023, before rising to Rs 6,000 per sq.ft in the 2024 revision, marking a 9% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the increase is 9%, with the current 2024 figure aligning with the median guideline value of Rs 6,000 per sq.ft for the 391 streets in Arumbakkam under the Kodambakkam SRO. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arumbakkam

In Arumbakkam, the guideline values range from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value for MMDA E- Block 6th Lane matches this median. Here are some other streets in Arumbakkam:

• MMDA D Block – Samuganalakuda Street: Rs 6,000 per sq.ft (2024)
• MMDA E- Block 7th Lane: Rs 6,000 per sq.ft (2024)
• MMDA D Block 2nd Cross: Rs 6,000 per sq.ft (2024)
• MMDA E- Block 8th Lane: Rs 6,000 per sq.ft (2024)
• MMDA D Block 1st Cross: Rs 6,000 per sq.ft (2024)
• MMDA F Block - Ambedkar Cross Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in MMDA E- Block 6th Lane

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 amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees together 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 also use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers MMDA E- Block 6th Lane?

The Sub Registrar Office that covers MMDA E- Block 6th Lane 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 when registering property in Arumbakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller need to be aware of the guideline value as it affects the overall costs involved in the transaction. It is essential to consult the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value for MMDA E- Block 6th Lane?

The current guideline value for MMDA E- Block 6th Lane 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 increased to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,000 per sq.ft in 2024.

What is the land classification for MMDA E- Block 6th Lane?

MMDA E- Block 6th Lane is classified as Residential Special Type - II.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in MMDA E- Block 6th Lane?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000.