Guideline Value for MKB NAGAR 19TH EAST CROSS STREET

Mkb Nagar 19th East Cross Street guideline value

The current guideline value of Mkb Nagar 19th East Cross Street is Rs 4,300 per sq.ft. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Mkb Nagar 19th East Cross Street has changed

The guideline value for Mkb Nagar 19th East Cross Street has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 600 per sq.ft. This increased to Rs 800 per sq.ft in 2007, then jumped to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017, before rising again to Rs 4,000 per sq.ft in 2023. As of the 2024 revision, the guideline value is now Rs 4,300 per sq.ft.

In terms of percentage changes, from 2003 to 2007, the value increased by 33%. Then, from 2007 to 2012, it saw a decrease of 400%. The value rose by 49% from 2017 to 2023, and from 2023 to 2024, it increased by 8%. Overall, from 2003 to 2024, the guideline value has increased by 617%. The register has no figure for this street in 2002.

Guideline values in Perambur

Within Perambur village, 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. The median value is Rs 2,700 per sq.ft, indicating that Mkb Nagar 19th East Cross Street's 2024 figure is above that median.

• Mkb Nagar 19th Central Cross Street And Other Streets: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 19th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 18th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 1st Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 18th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 1st Main Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 19th East Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,300 per sq.ft, the guideline value amounts to 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. 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 further calculations.

Which Sub Registrar Office covers Mkb Nagar 19th East Cross Street?

The Sub Registrar Office that covers Mkb Nagar 19th 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 plays a crucial role during the registration of property transactions in Perambur. It is used to determine the amount of stamp duty and registration fees applicable when a property is bought or sold.

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 based on the property's value.

Frequently asked questions

What is the current guideline value of Mkb Nagar 19th East Cross Street?

The current guideline value of Mkb Nagar 19th East Cross Street is Rs 4,300 per sq.ft as per the 2024 revision.

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, reflecting an overall increase of 617% over the years.

What is the land classification for Mkb Nagar 19th East Cross Street?

The land classification for Mkb Nagar 19th East Cross Street is Residential Class II Type - I.

Where is the Sub Registrar Office for Mkb Nagar 19th East Cross Street located?

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

How are stamp duty and registration fees calculated for properties in Mkb Nagar 19th East Cross Street?

Stamp duty and registration fees are 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 and a registration fee of Rs 86,000.