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Guideline Value

Corporate

Guideline Value for MKB NAGAR 5TH MAIN ROAD 2ND LINK STREET

₹4300/sq.ft.

The guideline value for Mkb Nagar 5th Main Road 2nd 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 2nd Link Street

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Mkb Nagar 5th Main Road 2nd Link Street guideline value

The current guideline value of Mkb Nagar 5th Main Road 2nd 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, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Mkb Nagar 5th Main Road 2nd Link Street has changed

The guideline value for Mkb Nagar 5th Main Road 2nd Link Street has seen significant changes over the years. In the 2003 revision, the value was Rs 550 per sq.ft, which increased to Rs 800 per sq.ft in 2007. This marked a substantial increase of 45%. However, the value then rose dramatically to Rs 4,000 per sq.ft in 2012, reflecting a 400% increase. The value saw a decrease to Rs 2,680 per sq.ft in 2017, which was a drop of 33%. Following this, the 2023 revision set the value at Rs 4,000 per sq.ft, and the latest 2024 revision has increased it to Rs 4,300 per sq.ft, an increase of 8%.

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

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. The median guideline value in this area is Rs 2,700 per sq.ft, which means that Mkb Nagar 5th Main Road 2nd Link Street's 2024 figure is above that median.

Stamp duty and registration fee for property in Mkb Nagar 5th Main Road 2nd 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 amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, making the total Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mkb Nagar 5th Main Road 2nd Link Street?

The Sub Registrar Office covering Mkb Nagar 5th Main Road 2nd Link Street is 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 a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Mkb Nagar 5th Main Road 2nd Link Street?

The current guideline value of Mkb Nagar 5th Main Road 2nd Link Street is Rs 4,300 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 4,300 per sq.ft in 2024, representing an overall increase of 682% over that period.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, which indicates that Mkb Nagar 5th Main Road 2nd Link Street's 2024 figure is above this median.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total cost would include a stamp duty of Rs 3,01,000 and a registration fee of Rs 86,000, totaling Rs 3,87,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mkb Nagar 5th Main Road 2nd Link Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.