Guideline Value for MKB NAGAR 13TH CENTRAL CROSS STREET

Mkb Nagar 13th Central Cross Street guideline value

The current guideline value of Mkb Nagar 13th 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 13th Central Cross Street has changed

The guideline value 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. By 2012, the value remained at Rs 4,000 per sq.ft, but in 2023, it again held steady at Rs 4,000 per sq.ft. The most recent revision in 2024 saw the value increase to Rs 4,300 per sq.ft, reflecting an 8% increase 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 for the years 2017 and 2002 for this street in the register.

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 guideline value for these streets is Rs 2,700 per sq.ft, placing Mkb Nagar 13th Central Cross Street above this median.

• Mkb Nagar 12th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 13th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 12th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 13th 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 14th Central Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 13th 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, charged at 7%, would be Rs 3,01,000, while the registration fee at 2% would amount to Rs 86,000. Together, 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mkb Nagar 13th Central Cross Street?

The Mkb Nagar 13th Central Cross Street is covered by 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 is a crucial factor in property transactions in Perambur. It serves as a reference point for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

Both buyers and sellers should be aware that the guideline value can affect the overall cost of the transaction. It is essential to consider this value when negotiating property prices to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mkb Nagar 13th Central Cross Street?

The current guideline value of Mkb Nagar 13th Central Cross Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 600 per sq.ft to Rs 4,300 per sq.ft in 2024, which is an overall increase of 617%.

What are the other streets with the same guideline value in Perambur?

Several other streets in Perambur also carry a guideline value of Rs 4,300 per sq.ft in 2024. These include Mkb Nagar 12th West Cross Street, Mkb Nagar 13th East Cross Street, Mkb Nagar 12th East Cross Street, Mkb Nagar 13th West Cross Street, Mkb Nagar 12th Central Cross Street, and Mkb Nagar 14th Central Cross Street.

What is the registration office for Mkb Nagar 13th Central Cross Street?

The registration office for Mkb Nagar 13th Central Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, 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.