Guideline Value for MKB NAGAR 7TH MAIN ROAD

Mkb Nagar 7th Main Road guideline value

The current guideline value of Mkb Nagar 7th Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This road is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Mkb Nagar 7th Main Road has changed

The guideline value for Mkb Nagar 7th Main Road 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. The value then surged to Rs 4,500 per sq.ft in 2012, followed by a decrease to Rs 3,015 per sq.ft in 2017. The 2023 revision marked an increase to Rs 4,500 per sq.ft, and the current 2024 revision stands at Rs 4,900 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The 2023 to 2024 revision reflects a 9% increase. The most significant change occurred from 2007 to 2012, with an increase of 463%. Overall, from 2003 to 2024, the guideline value has risen by 791%. 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, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, and Mkb Nagar 7th Main Road's 2024 figure is above this median.

• Mkb Nagar 7th Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 8th Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 6th Main Road 4th Link Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 8th Main Road: Rs 4,900 per sq.ft (2024)
• Mkb Nagar 6th Main Road 3rd Link Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 9th Cross Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 7th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, 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, totaling Rs 4,41,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mkb Nagar 7th Main Road?

The Sub Registrar Office that covers Mkb Nagar 7th 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 information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent for all property transactions.

Frequently asked questions

What is the current guideline value of Mkb Nagar 7th Main Road?

The current guideline value of Mkb Nagar 7th 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 changed significantly from Rs 550 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 791% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, with Mkb Nagar 7th Main Road's value exceeding this median.

What are the stamp duty and registration fees for property in Mkb Nagar 7th Main Road?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,41,000.

Which office handles the registration for Mkb Nagar 7th Main Road?

The Purasaivakkam Sub Registrar Office handles the registration for Mkb Nagar 7th Main Road, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.