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Guideline Value

Corporate

Guideline Value for MKB NAGAR 6TH MAIN ROAD 3RD LINK STREET

₹4300/sq.ft.

The guideline value for Mkb Nagar 6th 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 N/A
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 6th Main Road 3rd Link Street

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Mkb Nagar 6th Main Road 3rd Link Street guideline value

The current guideline value for Mkb Nagar 6th 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 6th Main Road 3rd Link Street has changed

The guideline value for Mkb Nagar 6th Main Road 3rd Link Street has undergone several revisions over the years. Starting from Rs 550 per sq.ft in 2003, it increased to Rs 800 per sq.ft in 2007, marking a significant rise of 45%. The value then remained at Rs 4,000 per sq.ft from 2012 until the 2023 revision.

In 2023, the guideline value was set at Rs 4,000 per sq.ft, with no change noted until the 2024 revision, which raised the value to Rs 4,300 per sq.ft, reflecting an 8% increase. The overall change from 2003 to 2024 represents a substantial increase of 682%.

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 value for these streets is Rs 2,700 per sq.ft, placing Mkb Nagar 6th Main Road 3rd Link Street's 2024 figure above this median.

Stamp duty and registration fee for property in Mkb Nagar 6th 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 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, resulting in a total of Rs 3,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mkb Nagar 6th Main Road 3rd Link Street?

The Sub Registrar Office that covers Mkb Nagar 6th Main Road 3rd 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perambur. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market conditions. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Mkb Nagar 6th Main Road 3rd Link Street?

The current guideline value for Mkb Nagar 6th Main Road 3rd 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 increased significantly from Rs 550 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, representing an overall increase of 682%.

What is the land classification for this street?

Mkb Nagar 6th Main Road 3rd Link Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Purasaivakkam Sub Registrar Office, which covers Mkb Nagar 6th Main Road 3rd Link Street, is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the 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, a property with a guideline value of Rs 43,00,000 would incur a stamp duty of Rs 3,01,000 at 7%.