Guideline Value for MKB NAGAR 19TH WEST CROSS STREET

Mkb Nagar 19th West Cross Street guideline value

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

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

The guideline value for Mkb Nagar 19th West Cross Street has seen several revisions over the years. In 2003, the value was Rs 826 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following that, it rose significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The value saw a substantial increase to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,300 per sq.ft in 2024.

From 2017 to 2023, the increase was +49%, while the jump from 2023 to 2024 was +8%. The largest change occurred from 2007 to 2012, with an increase of +300%. Overall, from 2003 to 2024, the guideline value has increased by +421%. The register has no figure for this street in 2002.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO with 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, placing Mkb Nagar 19th West Cross Street above this median.

• Mkb Nagar 19th East Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 1st Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 19th Central Cross Street And Other Streets: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 1st Main Road: Rs 4,900 per sq.ft (2024)
• Mkb Nagar 18th West Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 2nd Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 19th 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 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 also use the stamp duty and registration fee calculator for more details.

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

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

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

The guideline value is an important factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This process helps maintain transparency in property dealings.

Frequently asked questions

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

The current guideline value of Mkb Nagar 19th 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 826 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, with several revisions in between, including a decrease in 2017 and subsequent increases in 2023 and 2024.

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

Mkb Nagar 19th West Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

For a 1,000 sq.ft property, the total guideline value is Rs 43,00,000, leading to a stamp duty of Rs 3,01,000 and a registration fee of Rs 86,000, totaling Rs 3,87,000.

Which Sub Registrar Office handles registrations for this street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles registrations for Mkb Nagar 19th West Cross Street.