Guideline Value for MKB NAGAR 19TH CENTRAL CROSS STREET AND OTHER STREETS

Mkb Nagar 19th Central Cross Street And Other Streets guideline value

The current guideline value for Mkb Nagar 19th 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, classified as Residential Class II Type - I.

How the guideline value of Mkb Nagar 19th Central Cross Street And Other Streets has changed

The guideline value for Mkb Nagar 19th Central Cross Street has undergone several revisions since 2003. The 2003 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2007. Following that, the value surged to Rs 4,000 per sq.ft in 2012, but saw a decrease to Rs 2,680 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 4,000 per sq.ft, and the latest revision in 2024 has further increased it to Rs 4,300 per sq.ft, marking an 8% rise from the previous year.

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, with guideline values 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 19th Central Cross Street's 2024 figure above this median.

• Mkb Nagar 18th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 19th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 18th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 19th 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 1st Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 19th Central Cross Street And Other Streets

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, 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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mkb Nagar 19th Central Cross Street And Other Streets?

The Sub Registrar Office that covers Mkb Nagar 19th 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 more information.

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

The guideline value is a crucial factor during property registration in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is sold or purchased.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Mkb Nagar 19th Central Cross Street?

The current guideline value for Mkb Nagar 19th 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 from Rs 600 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 617% over this period.

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

Other streets in Perambur with the same guideline value of Rs 4,300 per sq.ft include Mkb Nagar 18th West Cross Street, Mkb Nagar 19th East Cross Street, Mkb Nagar 18th East Cross Street, Mkb Nagar 19th West Cross Street, Mkb Nagar 18th Central Cross Street, and Mkb Nagar 1st Cross Street.

What is the stamp duty rate for properties in Mkb Nagar?

The stamp duty rate for properties in Mkb Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mkb Nagar?

The Sub Registrar Office for Mkb Nagar is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.