Guideline Value for MKB NAGAR 17TH EAST CROSS STREET

Mkb Nagar 17th East Cross Street guideline value

The current guideline value of Mkb Nagar 17th 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 17th East Cross Street has changed

The guideline value for Mkb Nagar 17th East Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2003, where the value was Rs 600 per sq.ft. This increased to Rs 800 per sq.ft in 2007, then saw a significant jump to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 4,300 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024. From 2017 to 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017, while it rose dramatically by 400% from 2007 to 2012. The value also increased by 33% from 2003 to 2007. 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, there are 1114 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. Mkb Nagar 17th East Cross Street's 2024 guideline value is above this median.

• Mkb Nagar 17th Central Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 17th West Cross Street: Rs 3,800 per sq.ft (2024)
• Mkb Nagar 16th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 18th 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 18th East Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 17th 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, totaling Rs 3,87,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mkb Nagar 17th East Cross Street?

The Sub Registrar Office that covers Mkb Nagar 17th 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

The guideline value is a crucial factor when registering a property in Perambur. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Mkb Nagar 17th East Cross Street?

The current guideline value of Mkb Nagar 17th 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 significantly from Rs 600 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, showing an overall increase of 617% over this period.

What are the stamp duty and registration fees for properties in this area?

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 Sub Registrar Office covers Mkb Nagar 17th East Cross Street?

The Purasaivakkam Sub Registrar Office covers Mkb Nagar 17th East Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Mkb Nagar 17th East Cross Street?

The land classification of Mkb Nagar 17th East Cross Street is Residential Class II Type - I.