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Guideline Value

Corporate

Guideline Value for MKB NAGAR 5TH MAIN ROAD 1ST LINK STREET

₹4300/sq.ft.

The guideline value for Mkb Nagar 5th Main Road 1st Link Street in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 4300 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4300 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹550 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[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 Mkb Nagar 5th Main Road 1st Link Street

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Mkb Nagar 5th Main Road 1st Link Street guideline value

The current guideline value of Mkb Nagar 5th Main Road 1st Link Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Mkb Nagar 5th Main Road 1st Link Street has changed

The guideline value for Mkb Nagar 5th Main Road 1st Link Street has seen significant changes over the years. In 2003, the value was Rs 550 per sq.ft, which increased to Rs 800 per sq.ft in 2007. This marked a substantial rise of 45%. The value then surged dramatically to Rs 4,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, by 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,300 per sq.ft in 2024, which is an increase of 8% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 682%. The register has no figure for this street in 2002.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO with 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 5th Main Road 1st Link Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Mkb Nagar 5th Main Road 1st Link Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Mkb Nagar 5th Main Road 1st Link Street?

The Mkb Nagar 5th Main Road 1st Link Street 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 details.

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

The guideline value is an essential factor during property registration in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are recorded at a fair value.

When buying or selling property, the guideline value helps in calculating applicable stamp duties and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Mkb Nagar 5th Main Road 1st Link Street?

The current guideline value of Mkb Nagar 5th Main Road 1st Link Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 550 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, showing an overall increase of 682% over this period.

What is the land classification for Mkb Nagar 5th Main Road 1st Link Street?

The land classification for Mkb Nagar 5th Main Road 1st Link Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Mkb Nagar 5th Main Road 1st Link Street?

The Sub Registrar Office covering Mkb Nagar 5th Main Road 1st Link Street is the Purasaivakkam SRO, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duties calculated for property transactions?

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