Guideline Value for M.K.N. Road
₹6600/sq.ft.
The guideline value for M.k.n. Road in Paruthivakkam village (Alandur SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Paruthivakkam
Village
Alandur
SRO
Commercial Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹6600 /sq.ft. |
| From 1-4-2023 | ₹6000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹4020 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹6000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹1250 /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)
12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]
DRO (District Registrar Office)
Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 M.k.n. Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Alandur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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M.K.N. Road guideline value
The current guideline value of M.K.N. Road, located in Paruthivakkam village, under the Alandur SRO, is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Special Type - I.
How the guideline value of M.K.N. Road has changed
The guideline value for M.K.N. Road has seen significant changes over the years. In the 2007 revision, the value was set at Rs 1,250 per sq.ft. This figure increased dramatically to Rs 6,000 per sq.ft in the 2012 revision, marking a rise of 380%. However, in the 2017 revision, the value dropped to Rs 4,020 per sq.ft, a decrease of 33%. The value then increased to Rs 6,000 per sq.ft in the 2023 revision, reflecting a 49% rise. Most recently, the 2024 revision set the value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year.
The register does not have figures for M.K.N. Road for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 428%.
Guideline values in Paruthivakkam
- Mettu Street/Paris Apts.: Rs 3,900 per sq.ft (2024)
- Mettu Palayam (Eruppu Padhai): Rs 5,500 per sq.ft (2024)
- Margo Street (Margoss Street): Rs 2,800 per sq.ft (2024)
- Margo Lane (Margoss Lane): Rs 2,800 per sq.ft (2024)
- Madhurai Naiken Street (Madurai Street): Rs 4,400 per sq.ft (2024)
- Pachaiyamman Koil Street: Rs 5,500 per sq.ft (2024)
Stamp duty and registration fee for property in M.K.N. Road
For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.
You can also use our stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers M.K.N. Road?
The Sub Registrar Office that covers M.K.N. Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.
How the guideline value is used when you buy or sell in Paruthivakkam
The guideline value plays a critical role in the registration process when buying or selling property in Paruthivakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.
Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately assessing the financial obligations involved in property transactions. It is advisable to consult the latest guideline values before proceeding with any property dealings.
Frequently asked questions
What is the current guideline value of M.K.N. Road?
The current guideline value of M.K.N. Road is Rs 6,600 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 1,250 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 428% over the years.
What is the land classification for M.K.N. Road?
M.K.N. Road is classified as Commercial Special Type - I.
What are the stamp duty and registration fees for properties on M.K.N. Road?
For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.
Which office handles the registration for M.K.N. Road?
The Alandur Sub Registrar Office handles the registration for M.K.N. Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.
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