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Guideline Value

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Guideline Value for SIDCO SALAI - P - BLOCK - M.M.D.A. COLONY

₹6900/sq.ft.

The guideline value for Sidco Salai - P - Block - M.m.d.a. Colony in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 6900 per sq.ft, effective 1 July 2024. It was Rs 6300 per sq.ft from 1 April 2023, a 10% change. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹6900 /sq.ft.
From 1-4-2023 ₹6300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4221 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1400 /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 Sidco Salai - P - Block - M.m.d.a. Colony

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Sidco Salai - P - Block - M.M.D.A. Colony guideline value

The current guideline value of Sidco Salai - P - Block - M.M.D.A. Colony is Rs 6,900 per sq.ft, effective from 1 July 2024. This area is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this street is Industries Type - I.

How the guideline value of Sidco Salai - P - Block - M.M.D.A. Colony has changed

The guideline value has seen several revisions over the years. The 2007 revision set the value at Rs 1,400 per sq.ft, which increased significantly to Rs 6,300 per sq.ft in 2012, marking a 350% rise. However, the value then decreased to Rs 4,221 per sq.ft in 2017, a decline of 33%. The subsequent 2023 revision brought the value up to Rs 6,300 per sq.ft, and the most recent revision in 2024 set it at Rs 6,900 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 393%. It is important to note that 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, with a median value of Rs 6,000 per sq.ft. The guideline value of Sidco Salai - P - Block - M.M.D.A. Colony is above this median.

Stamp duty and registration fee for property in Sidco Salai - P - Block - M.M.D.A. Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 6,900 per sq.ft, the total guideline value would be Rs 69,00,000. The stamp duty at 7% would be Rs 4,83,000, and the registration fee at 2% would be Rs 1,38,000, making the total charges Rs 6,21,000. 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 detailed calculations.

Which Sub Registrar Office covers Sidco Salai - P - Block - M.M.D.A. Colony?

The Sub Registrar Office that covers Sidco Salai - P - Block - M.M.D.A. Colony 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 during 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 transaction reflects a fair valuation in accordance with government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sidco Salai - P - Block - M.M.D.A. Colony?

The current guideline value of Sidco Salai - P - Block - M.M.D.A. Colony is Rs 6,900 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 1,400 per sq.ft in 2007 to Rs 6,900 per sq.ft in 2024, reflecting an overall increase of 393% over the years.

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

For a property valued at Rs 69,00,000, the stamp duty would be Rs 4,83,000 and the registration fee would be Rs 1,38,000, totaling Rs 6,21,000.

Which office should I visit for property registration in Sidco Salai - P - Block - M.M.D.A. Colony?

The Kodambakkam Sub Registrar Office is responsible for property registrations in this area, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Sidco Salai - P - Block - M.M.D.A. Colony?

The land classification for Sidco Salai - P - Block - M.M.D.A. Colony is Industries Type - I.