Guideline Value for MKB NAGAR 11TH EAST CROSS STREET

Mkb Nagar 11th East Cross Street guideline value

The current guideline value of Mkb Nagar 11th East Cross Street is Rs 4,300 per sq.ft as per the 2024 revision, which is effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Mkb Nagar 11th East Cross Street has changed

The guideline value for Mkb Nagar 11th East Cross Street has seen significant changes over the years. In 2003, the value was Rs 600 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a 33% rise. The value then surged dramatically to Rs 4,000 per sq.ft in 2012, reflecting a 400% increase. However, from 2012 to 2023, the value remained unchanged at Rs 4,000 per sq.ft.

The most recent revision in 2024 set the guideline value at Rs 4,300 per sq.ft, which represents an 8% increase from the 2023 figure of Rs 4,000 per sq.ft. Overall, from 2003 to 2024, the guideline value has increased by 617%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have 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 East Cross Street's 2024 figure is above this median.

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

Stamp duty and registration fee for property in Mkb Nagar 11th 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, while 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. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Mkb Nagar 11th 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 more information.

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

When buying or selling property in Perambur, the guideline value is used to determine the applicable stamp duty and registration fees. This value is established by the local government and serves as a reference point for property transactions.

At the time of registration, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Mkb Nagar 11th 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?

The guideline value has changed significantly from Rs 600 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 617% over this period.

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

For a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 and the registration fee would be Rs 86,000, totaling Rs 3,87,000.

Which office handles registrations for Mkb Nagar 11th East Cross Street?

The Purasaivakkam Sub Registrar Office handles registrations for Mkb Nagar 11th East Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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

Mkb Nagar 11th East Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.