Guideline Value for MKB NAGAR 4TH MAIN ROAD

Mkb Nagar 4th Main Road guideline value

The current guideline value of Mkb Nagar 4th Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class I Type - II.

How the guideline value of Mkb Nagar 4th Main Road has changed

The guideline value for Mkb Nagar 4th Main Road has seen several revisions over the years. In 2003, the value was Rs 550 per sq.ft, which increased to Rs 800 per sq.ft in 2007. This was followed by a significant jump to Rs 4,500 per sq.ft in 2012, but then it decreased to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023, and the latest revision for 2024 set it at Rs 4,900 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, the value increased by 49%, while from 2023 to 2024, it rose by 9%. The increase from 2012 to 2017 was a decrease of 33%. The rise from 2007 to 2012 was substantial at 463%, and from 2003 to 2007, it increased by 45%. Overall, from 2003 to 2024, the guideline value has increased by 791%.

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. Mkb Nagar 4th Main Road's 2024 guideline value is above this median.

• Mkb Nagar 4th Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 5th Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 3rd Main Road: Rs 4,900 per sq.ft (2024)
• Mkb Nagar 5th Main Road: Rs 4,900 per sq.ft (2024)
• Mkb Nagar 3rd Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 5th Main Road 1st Link Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mkb Nagar 4th Main Road?

The Sub Registrar Office that covers Mkb Nagar 4th Main Road is 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 is an essential factor when registering property transactions in Perambur. It serves as a benchmark for determining the value at which properties are bought and sold, ensuring that transactions are recorded accurately in the official register.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both parties are paying the correct amount based on the established values set by the government.

Frequently asked questions

What is the current guideline value of Mkb Nagar 4th Main Road?

The current guideline value of Mkb Nagar 4th Main Road is Rs 4,900 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 550 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Mkb Nagar 4th Main Road?

Mkb Nagar 4th Main Road is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Mkb Nagar 4th Main Road?

The Sub Registrar Office for Mkb Nagar 4th Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for property in Mkb Nagar 4th Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at 7%.