Guideline Value for MKB NAGAR 12TH CENTRAL CROSS STREET

Mkb Nagar 12th Central Cross Street guideline value

The current guideline value of Mkb Nagar 12th Central Cross Street is Rs 4,300 per sq.ft. This street is located in Perambur village under the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Mkb Nagar 12th Central Cross Street has changed

The guideline value has undergone several revisions over the years. The earliest recorded figure is from 2003, which was Rs 600 per sq.ft. This increased to Rs 1,250 per sq.ft in 2007, marking a significant rise of 108%. In 2012, the value was Rs 4,000 per sq.ft, which represented a substantial increase of 220% from the previous revision. However, the value dropped to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision saw the value rise again to Rs 4,000 per sq.ft, and the most recent revision in 2024 set the current guideline value at Rs 4,300 per sq.ft, an increase of 8% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 617%. It is important to note that the register does not have a figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 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, placing Mkb Nagar 12th Central Cross Street above this median.

• Mkb Nagar 11th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 12th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 11th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 12th 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 13th Central Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 12th Central 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 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 information.

Which Sub Registrar Office covers Mkb Nagar 12th Central Cross Street?

The Sub Registrar Office that covers Mkb Nagar 12th Central 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It determines the minimum value at which a property can be registered, and it is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration norms.

Frequently asked questions

What is the current guideline value of Mkb Nagar 12th Central Cross Street?

The current guideline value of Mkb Nagar 12th Central Cross Street is Rs 4,300 per sq.ft as per the 2024 revision.

How 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, reflecting an overall increase of 617% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, which is below the current guideline value of Mkb Nagar 12th Central Cross Street.

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

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

Where can I find the Sub Registrar Office for Mkb Nagar 12th Central Cross Street?

The Sub Registrar Office for Mkb Nagar 12th Central Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai-600 012.