Guideline Value for MKB NAGAR 14TH CENTRAL CROSS STREET

Mkb Nagar 14th Central Cross Street guideline value

The current guideline value of Mkb Nagar 14th 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 14th Central Cross Street has changed

Over the years, the guideline value of Mkb Nagar 14th Central Cross Street has seen significant changes. In 2003, the value was Rs 600 per sq.ft, which increased to Rs 800 per sq.ft in 2007. This was followed by a substantial rise to Rs 4,000 per sq.ft in 2012, but then it decreased to Rs 2,680 per sq.ft in 2017. The value saw a notable increase to Rs 4,000 per sq.ft in 2023, and currently, it stands at Rs 4,300 per sq.ft as of the 2024 revision, reflecting an 8% increase from the previous year.

From 2017 to 2023, the value rose by 49%, while there was a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was remarkable at 400%, and from 2003 to 2007, the value increased by 33%. Overall, from 2003 to 2024, the guideline value has increased by 617%. The register has no figure for this street for the year 2002.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that have a guideline value for 2024, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Mkb Nagar 14th Central Cross Street's 2024 figure is above this median.

• Mkb Nagar 13th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 14th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 13th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 14th 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 15th Central Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 14th 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 be 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mkb Nagar 14th Central Cross Street?

The Sub Registrar Office that covers Mkb Nagar 14th 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are transparent and comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Mkb Nagar 14th Central Cross Street?

The current guideline value of Mkb Nagar 14th Central 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 significantly, from Rs 600 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, with various increases and decreases in between.

What is the stamp duty for property in Mkb Nagar 14th Central Cross Street?

The stamp duty for property in Mkb Nagar 14th Central Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Mkb Nagar 14th Central Cross Street?

The Sub Registrar Office covering Mkb Nagar 14th Central Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Mkb Nagar 14th Central Cross Street?

Mkb Nagar 14th Central Cross Street is classified as Residential Class II Type - I.