Guideline Value for MKB NAGAR 15TH WEST CROSS STREET

Mkb Nagar 15th West Cross Street guideline value

The current guideline value of Mkb Nagar 15th 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 15th West Cross Street has changed

The guideline value for Mkb Nagar 15th West Cross Street has seen several revisions over the years. The earliest recorded figure is Rs 477 per sq.ft from 2003, which increased to Rs 800 per sq.ft in 2007. Following that, the value surged to Rs 4,000 per sq.ft in 2012, but then dropped to Rs 2,680 per sq.ft in 2017. The value rose significantly to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,300 per sq.ft in 2024, reflecting an 8% increase from the previous year.

Notably, there is no figure available for the year 2002 in the register for this street. The overall change from 2003 to 2024 is an increase of 801%, demonstrating significant growth in the guideline value over the years.

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, with a median value of Rs 2,700 per sq.ft. The guideline value of Rs 4,300 per sq.ft for Mkb Nagar 15th West Cross Street is above the median.

• Mkb Nagar 15th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 16th Central Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 15th Central Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 16th 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 16th West Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 15th 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 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 15th West Cross Street?

The Sub Registrar Office that covers Mkb Nagar 15th 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 details.

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

The guideline value plays a crucial role in the property registration process in Perambur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the overall cost of the transaction. Accurate knowledge of the guideline value helps in ensuring compliance with legal requirements during the property transfer process.

Frequently asked questions

What is the current guideline value of Mkb Nagar 15th West Cross Street?

The current guideline value of Mkb Nagar 15th 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 changed from Rs 477 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 801% over the years.

What is the land classification for Mkb Nagar 15th West Cross Street?

Mkb Nagar 15th West Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for this property?

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, totaling Rs 3,87,000.

Which office handles the registration for Mkb Nagar 15th West Cross Street?

The Purasaivakkam Sub Registrar Office handles the registration for Mkb Nagar 15th West Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.