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Guideline Value

Corporate

Guideline Value for MKB NAGAR 5TH MAIN ROAD 3RD LINK STREET

₹4300/sq.ft.

The guideline value for Mkb Nagar 5th Main Road 3rd 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 3rd Link Street

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Mkb Nagar 5th Main Road 3rd Link Street guideline value

The current guideline value of Mkb Nagar 5th Main Road 3rd 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 is classified as Residential Class II Type - I.

How the guideline value of Mkb Nagar 5th Main Road 3rd Link Street has changed

The guideline value for Mkb Nagar 5th Main Road 3rd Link Street has experienced significant changes over the years. In 2003, the guideline value was Rs 550 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The value then saw a substantial rise to Rs 4,000 per sq.ft in 2012, but it dropped to Rs 2,680 per sq.ft in 2017. The most recent revisions show an increase to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,300 per sq.ft in 2024, marking an 8% rise 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. The changes between the revisions are notable, with a 49% increase from 2017 to 2023 and a 400% increase from 2007 to 2012.

Guideline values in Perambur

In Perambur, there are 1114 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. The guideline value of Mkb Nagar 5th Main Road 3rd Link Street is above this median.

Stamp duty and registration fee for property in Mkb Nagar 5th Main Road 3rd 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, while the registration fee at 2% would be Rs 86,000, bringing the total cost 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.

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

Which Sub Registrar Office covers Mkb Nagar 5th Main Road 3rd Link Street?

The Mkb Nagar 5th Main Road 3rd Link Street falls under 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 critical factor during the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mkb Nagar 5th Main Road 3rd Link Street?

The current guideline value of Mkb Nagar 5th Main Road 3rd 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 seen various changes, starting from Rs 550 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 682% over the years.

What is the classification of land for this street?

Mkb Nagar 5th Main Road 3rd Link Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Mkb Nagar 5th Main Road 3rd Link Street is the Purasaivakkam SRO, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 at 7%.