Guideline Value for GOLDEN COMPLEX (MKB NAGAR)

Golden Complex (Mkb Nagar) guideline value

The current guideline value for Golden Complex (Mkb Nagar) in Perambur village is Rs 4,900 per sq.ft, effective from 1 July 2024. This property falls under the Purasaivakkam SRO and is classified as Residential Class I Type - II.

How the guideline value of Golden Complex (Mkb Nagar) has changed

The guideline value for Golden Complex (Mkb Nagar) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 4,500 per sq.ft. This figure saw a decrease to Rs 3,015 per sq.ft in 2017, marking a decline of 33%. However, the value increased significantly to Rs 4,500 per sq.ft in 2023, and further rose to Rs 4,900 per sq.ft in 2024, indicating an overall increase of 9% from 2012 to 2024.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision reflects a 9% increase. Notably, there are no recorded figures for the years 2002, 2003, and 2007 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, with a median value of Rs 2,700 per sq.ft. The guideline value for Golden Complex (Mkb Nagar) is above this median.

• Gopal Naicken Street: Rs 3,800 per sq.ft (2024)
• Goutham Street: Rs 2,700 per sq.ft (2024)
• Govindan Street: Rs 3,800 per sq.ft (2024)
• Govindapuram Hut: Rs 1,600 per sq.ft (2024)
• Govindapuram Street: Rs 2,200 per sq.ft (2024)
• Gengan Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Complex (Mkb Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Golden Complex (Mkb Nagar)?

The Sub Registrar Office that covers Golden Complex (Mkb Nagar) is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Perambur, as it is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold or purchased, the guideline value is assessed to calculate the applicable duties. It is essential for both parties to be informed about the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Golden Complex (Mkb Nagar)?

The current guideline value for Golden Complex (Mkb Nagar) 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 from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then to Rs 4,500 per sq.ft in 2023, and finally to Rs 4,900 per sq.ft in 2024.

What is the stamp duty for property in Golden Complex (Mkb Nagar)?

The stamp duty for property in Golden Complex (Mkb Nagar) is calculated at 7% of the guideline value, which would be Rs 3,43,000 for a property valued at Rs 49,00,000.

Which Sub Registrar Office covers the area of Golden Complex (Mkb Nagar)?

The Purasaivakkam Sub Registrar Office covers Golden Complex (Mkb Nagar), located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the range of guideline values for other streets in Perambur?

The guideline values for other streets in Perambur range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft.