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Guideline Value

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

₹6900/sq.ft.

The guideline value for Sidco Salai - Q - 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 - Q - Block - M.m.d.a. Colony

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

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

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

The guideline value for Sidco Salai - Q - Block - M.M.D.A. Colony has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 1,400 per sq.ft. This increased significantly to Rs 6,300 per sq.ft in 2012, before dropping to Rs 4,221 per sq.ft in 2017. The 2023 revision set the value at Rs 6,300 per sq.ft, and the most recent revision in 2024 raised it to Rs 6,900 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

In terms of percentage changes, the value increased by 350% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The jump from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 393%.

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, placing Sidco Salai - Q - Block - M.M.D.A. Colony's 2024 figure above this median.

Stamp duty and registration fee for property in Sidco Salai - Q - 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 amounts to 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, totaling 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 details.

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

The Sub Registrar Office that covers Sidco Salai - Q - 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 when registering property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value for Sidco Salai - Q - 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 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 property in this area?

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

Which office handles property registrations for Sidco Salai - Q - Block - M.M.D.A. Colony?

The Kodambakkam Sub Registrar Office is responsible for property registrations in Sidco Salai - Q - Block - M.M.D.A. Colony.

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

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