Guideline Value for MKB NAGAR 10TH WEST CROSS STREET

Mkb Nagar 10th West Cross Street guideline value

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

In the 2003 revision, the guideline value was Rs 477 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2007, marking a change of +68%. The value remained at Rs 800 per sq.ft until the 2012 revision, which saw a substantial rise to Rs 4,000 per sq.ft, reflecting an increase of +400%. The value stayed the same in the 2023 revision at Rs 4,000 per sq.ft.

The most recent revision in 2024 has set the guideline value at Rs 4,300 per sq.ft, indicating an increase of +8% from the previous year. Overall, from 2003 to 2024, the guideline value has risen by +801%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, positioning Mkb Nagar 10th West Cross Street above this median.

• Mkb Nagar 10th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 11th Central Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 10th 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 West 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 amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, totaling Rs 3,87,000. It is important to note that 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 precise calculations.

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

The Sub Registrar Office that covers Mkb Nagar 10th West Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value at which the property can be registered, thus facilitating a transparent transaction process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 477 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of +801%.

What is the land classification of Mkb Nagar 10th West Cross Street?

Mkb Nagar 10th West Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Mkb Nagar 10th West Cross Street?

The Sub Registrar Office for Mkb Nagar 10th West Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Mkb Nagar 10th West Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. 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%.