Guideline Value

Corporate

Guideline Value for MKB NAGAR 6TH MAIN ROAD

₹4900/sq.ft.

The guideline value for Mkb Nagar 6th Main Road in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /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

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Mkb Nagar 6th Main Road guideline value

The current guideline value of Mkb Nagar 6th 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 it falls under the Residential Class I Type - II land classification.

How the guideline value of Mkb Nagar 6th Main Road has changed

The guideline value for Mkb Nagar 6th Main Road has seen several revisions over the years. The earliest recorded figure is from 2003, at Rs 550 per sq.ft, which increased to Rs 800 per sq.ft in 2007. Following this, the value jumped significantly to Rs 4,500 per sq.ft in 2012, but then dropped to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

Between the revisions, the changes are notable. From 2003 to 2007, the value increased by 45%. However, from 2007 to 2012, there was a substantial decrease of 33%. After that, the value surged by 49% from 2017 to 2023 and then rose by 9% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 791%.

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 6th Main Road is above this median.

Stamp duty and registration fee for property in Mkb Nagar 6th Main Road

For a 1,000 sq.ft plot at the current guideline value, 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 cost for these fees to Rs 4,41,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Mkb Nagar 6th Main Road?

The Sub Registrar Office that covers Mkb Nagar 6th 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 details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property in Perambur, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Additionally, the guideline value helps in ensuring that the property is assessed fairly for taxation purposes. It serves as a benchmark for buyers and sellers to understand the value of real estate in the area, guiding them in their transactions.

Frequently asked questions

What is the current guideline value of Mkb Nagar 6th Main Road?

The current guideline value of Mkb Nagar 6th 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 seen several revisions, starting from Rs 550 per sq.ft in 2003 to the current rate of Rs 4,900 per sq.ft in 2024, reflecting significant changes over the years.

What is the land classification for Mkb Nagar 6th Main Road?

Mkb Nagar 6th Main Road falls under the Residential Class I Type - II land classification, indicating its primary use for residential purposes.

Where can I find the Sub Registrar Office for Mkb Nagar 6th Main Road?

The Sub Registrar Office for Mkb Nagar 6th Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Mkb Nagar 6th Main Road?

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