Guideline Value for MKB NAGAR 12TH WEST CROSS STREET

Mkb Nagar 12th West Cross Street guideline value

The current guideline value of Mkb Nagar 12th 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, classified as Residential Class II Type - I.

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

Over the years, the guideline value of Mkb Nagar 12th West Cross Street has seen significant changes. In 2003, the value was Rs 477 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a rise of 68%. By 2012, the value remained at Rs 4,000 per sq.ft, and it did not change until the 2023 revision, which also recorded Rs 4,000 per sq.ft. The latest revision in 2024 saw an increase to Rs 4,300 per sq.ft, reflecting an 8% rise from the previous year.

From 2003 to 2024, the overall increase in the guideline value is 801%. The revisions for the years 2017 and 2002 do not have figures recorded 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 for these streets is Rs 2,700 per sq.ft, placing Mkb Nagar 12th West Cross Street above this median.

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

Stamp duty and registration fee for property in Mkb Nagar 12th 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 the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Mkb Nagar 12th West 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

The guideline value plays a crucial role during the registration of property transactions in Perambur. It serves as the basis for calculating the stamp duty and registration fees that buyers need to pay when purchasing property.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value of Mkb Nagar 12th 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 increased from Rs 477 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 801% over the years.

What are the stamp duty and registration fees for property in Mkb Nagar 12th West Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 43,00,000. The stamp duty at 7% amounts to Rs 3,01,000, and the registration fee at 2% is Rs 86,000, totaling Rs 3,87,000.

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

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

What is the median guideline value in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, which is below the current value of Mkb Nagar 12th West Cross Street.