Guideline Value for MKB NAGAR 11TH CENTRAL CROSS STREET

Mkb Nagar 11th Central Cross Street guideline value

The current guideline value of Mkb Nagar 11th Central 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 11th Central Cross Street has changed

The guideline value for Mkb Nagar 11th Central Cross Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 600 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2007, marking a 33% rise. The value remained at Rs 4,000 per sq.ft from 2012 until the 2023 revision, showing no change during that period. In 2023, the guideline value was revised to Rs 4,000 per sq.ft, and then increased by 8% to Rs 4,300 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 617%. Notably, there are no figures available for the revisions in 2002 and 2017 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. Mkb Nagar 11th Central Cross Street's current guideline value is above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,300 per sq.ft, the 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, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mkb Nagar 11th Central Cross Street?

The Mkb Nagar 11th Central Cross Street falls under 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 the registration of property transactions in Perambur. It is used to determine the stamp duty and registration fees that must be paid during the buying or selling process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Mkb Nagar 11th Central Cross Street?

The current guideline value of Mkb Nagar 11th Central 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 600 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 617% over this period.

What is the land classification for Mkb Nagar 11th Central Cross Street?

Mkb Nagar 11th Central Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Mkb Nagar 11th Central Cross Street?

The Sub Registrar Office covering Mkb Nagar 11th Central Cross Street is the Purasaivakkam SRO, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Mkb Nagar 11th Central Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 at a rate of 7%.