Guideline Value for MKB NAGAR 13TH EAST CROSS STREET

Mkb Nagar 13th East Cross Street guideline value

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

The guideline value for Mkb Nagar 13th East Cross Street has seen significant changes over the years. Starting from Rs 600 per sq.ft in 2003, the value increased to Rs 800 per sq.ft in 2007, marking a 33% rise. The value then jumped to Rs 4,000 per sq.ft in 2012, reflecting a remarkable 400% increase. However, it decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, followed by the current rate of Rs 4,300 per sq.ft in 2024, which is an 8% increase.

Overall, from 2003 to 2024, the guideline value has increased by 617%. The register has no figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur, the guideline values vary significantly, with figures for 2024 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 13th East Cross Street above this median at Rs 4,300 per sq.ft.

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

Stamp duty and registration fee for property in Mkb Nagar 13th 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, and the registration fee at 2% would be Rs 86,000. Together, the total cost for stamp duty and registration 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 the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Mkb Nagar 13th 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 serves as a reference point for determining the minimum value at which a property can be registered. It helps in calculating the stamp duty and registration fees that are applicable during the transaction.

It is essential to be aware that the guideline value may differ from the actual sale price of the property. Buyers and sellers should ensure that the sale price is either equal to or higher than the guideline value to avoid any legal complications during registration.

Frequently asked questions

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

The current guideline value of Mkb Nagar 13th 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 changed from Rs 600 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting a significant overall increase of 617% over the years.

What is the land classification of Mkb Nagar 13th East Cross Street?

Mkb Nagar 13th East Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Mkb Nagar 13th East Cross Street?

The Purasaivakkam Sub Registrar Office covers Mkb Nagar 13th East Cross Street and is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Mkb Nagar 13th East Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a property with a guideline value of Rs 43,00,000 would incur a stamp duty of Rs 3,01,000 at a rate of 7%.