Guideline Value for MKB NAGAR 10TH EAST CROSS STREET

Mkb Nagar 10th East Cross Street guideline value

The current guideline value of Mkb Nagar 10th East Cross 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 10th East Cross Street has changed

The guideline value for Mkb Nagar 10th East Cross Street has seen several revisions over the years. In 2003, the guideline value was Rs 600 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a significant rise of 33%. The value then jumped dramatically to Rs 4,000 per sq.ft in 2012, reflecting a 400% increase. However, from 2012 to 2023, there was no change, with the value remaining at Rs 4,000 per sq.ft.

In the latest revision for 2024, the guideline value increased to Rs 4,300 per sq.ft, which is an 8% rise from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 617%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Mkb Nagar 10th East Cross Street's 2024 guideline value is above this median.

• Mkb Nagar 10th Central Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 10th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 11th Central Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 11th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 11th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 12th Central Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 10th East Cross 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, bringing the total cost to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Mkb Nagar 10th East Cross Street?

The Sub Registrar Office covering Mkb Nagar 10th East Cross Street 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 is a critical factor in property transactions in Perambur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating the sale price of a property.

During the registration process, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Mkb Nagar 10th East Cross Street?

The current guideline value of Mkb Nagar 10th East Cross Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 600 per sq.ft to Rs 4,300 per sq.ft in 2024, representing an overall increase of 617%.

What is the land classification for Mkb Nagar 10th East Cross Street?

Mkb Nagar 10th East Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 3,87,000.

Which office handles property registrations in this area?

The Purasaivakkam Sub Registrar Office handles property registrations for Mkb Nagar 10th East Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.