Guideline Value for MKB NAGAR 12TH EAST CROSS STREET

Mkb Nagar 12th East Cross Street guideline value

The current guideline value of Mkb Nagar 12th 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 12th East Cross Street has changed

The guideline value for Mkb Nagar 12th East Cross Street has seen several revisions 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 significant rise of 33%. The value remained at Rs 4,000 per sq.ft from 2012 until 2023, with no change during that period. The 2024 revision raised the guideline value to Rs 4,300 per sq.ft, reflecting 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 there are no figures available for the years 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. The median value for these streets is Rs 2,700 per sq.ft, placing Mkb Nagar 12th East Cross Street above this median.

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

Stamp duty and registration fee for property in Mkb Nagar 12th 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, charged at 7%, would amount to Rs 3,01,000, while the registration fee at 2% would be Rs 86,000. The total cost for these fees would be 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 also use our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Mkb Nagar 12th East 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 reference point for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

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

The current guideline value of Mkb Nagar 12th East 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 increased from Rs 600 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 617% over the years.

What is the land classification for Mkb Nagar 12th East Cross Street?

Mkb Nagar 12th East Cross Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Mkb Nagar 12th East 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 12th East Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,01,000.