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Guideline Value

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

₹6900/sq.ft.

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

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

The current guideline value for Sidco Salai - R - 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, classified as Industries Type - I.

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

The guideline value for Sidco Salai - R - Block - M.M.D.A. Colony has seen several revisions over the years. In 2007, the value was Rs 1,400 per sq.ft, which increased significantly to Rs 6,300 per sq.ft in 2012, marking a rise of 350%. However, from 2012 to 2017, the value decreased to Rs 4,221 per sq.ft, a decline of 33%. The value then rose again to Rs 6,300 per sq.ft in 2023, representing a 49% increase. The latest revision in 2024 sees the guideline value set at Rs 6,900 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 393%.

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 guideline value in this area is Rs 6,000 per sq.ft, placing Sidco Salai - R - Block - M.M.D.A. Colony's 2024 value above that median.

Stamp duty and registration fee for property in Sidco Salai - R - 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 amount to Rs 4,83,000, and the registration fee at 2% would be Rs 1,38,000, bringing the total fees together to 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.

For more details, you can use our stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Sidco Salai - R - 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 plays a crucial role in the registration process of property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

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

The current guideline value for Sidco Salai - R - 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 other streets in Arumbakkam with similar guideline values?

Other streets in Arumbakkam with similar guideline values include Sidco Salai - Q - Block, P - Block, O - Block, N - Block, and M - Block, all at Rs 6,900 per sq.ft for 2024.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is generally 7%. This is applied to the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant link provided for assistance in locating the appropriate office for your property transactions.