Guideline Value for M.G.R NAGAR 4TH LINK (INAIPPU) ROAD

M.G.R Nagar 4th Link (Inaippu) Road guideline value

The current guideline value of M.G.R Nagar 4th Link (Inaippu) Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of M.G.R Nagar 4th Link (Inaippu) Road has changed

The guideline value for M.G.R Nagar 4th Link (Inaippu) Road has seen several revisions over the years. In 2003, the value was Rs 461 per sq.ft, which increased to Rs 500 per sq.ft in 2007, marking an 8% rise. The value then surged significantly to Rs 1,500 per sq.ft in 2012, reflecting a 200% increase. However, from 2012 to 2023, the value remained unchanged at Rs 1,500 per sq.ft. The latest revision in 2024 set the guideline value at Rs 1,600 per sq.ft, which is a 7% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by 247%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. M.G.R Nagar 4th Link (Inaippu) Road's 2024 guideline value is below this median.

• M.G.R Nagar 4th Cross Street: Rs 1,600 per sq.ft (2024)
• M.G.R. Nagar 4th Street: Rs 1,600 per sq.ft (2024)
• M.G.R. Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• M.G.R Nagar 5th Cross Street: Rs 1,600 per sq.ft (2024)
• M.G.R Nagar 3rd Link (Inaippu) Road: Rs 1,600 per sq.ft (2024)
• M.G.R Nagar 3rd Cross Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in M.G.R Nagar 4th Link (Inaippu) Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. 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 accurate calculations based on your property.

Which Sub Registrar Office covers M.G.R Nagar 4th Link (Inaippu) Road?

The M.G.R Nagar 4th Link (Inaippu) Road is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perambur

The guideline value plays a crucial role in the registration process of property transactions in Perambur. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value ensures that the government collects the appropriate taxes based on the assessed value of the property.

Frequently asked questions

What is the current guideline value of M.G.R Nagar 4th Link (Inaippu) Road?

The current guideline value of M.G.R Nagar 4th Link (Inaippu) Road is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 461 per sq.ft in 2003 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 247% over the years.

What is the land classification for M.G.R Nagar 4th Link (Inaippu) Road?

M.G.R Nagar 4th Link (Inaippu) Road is classified as Residential Class V Type - I.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,00,000, the total fees would be Rs 1,44,000.

Where can I find the Sub Registrar Office for M.G.R Nagar 4th Link (Inaippu) Road?

The Purasaivakkam Sub Registrar Office covers M.G.R Nagar 4th Link (Inaippu) Road and is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.