Guideline Value for MKB NAGAR 4TH CROSS STREET

Mkb Nagar 4th Cross Street guideline value

The current guideline value of Mkb Nagar 4th Cross Street is Rs 4,300 per sq.ft. 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 4th Cross Street has changed

The guideline value for Mkb Nagar 4th Cross Street has seen several revisions over the years. In 2003, the value was Rs 552 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The value then rose sharply to Rs 4,000 per sq.ft in 2012, followed by a decrease to Rs 2,680 per sq.ft in 2017. The value saw a significant increase to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,300 per sq.ft from the 2024 revision, effective from 1 July 2024.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects an 8% increase. Notably, the value from 2003 to 2024 has increased by a substantial 679%. The register does not have figures for the year 2002 for this street.

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. Mkb Nagar 4th Cross Street's 2024 figure of Rs 4,300 per sq.ft is above this median.

• Mkb Nagar 3rd Main Road: Rs 4,900 per sq.ft (2024)
• Mkb Nagar 4th Main Road: Rs 4,900 per sq.ft (2024)
• Mkb Nagar 3rd Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 5th Cross Street: Rs 4,300 per sq.ft (2024)
• Mkb Nagar 2nd Main Road: Rs 4,900 per sq.ft (2024)
• Mkb Nagar 5th Main Road: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mkb Nagar 4th 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, totaling Rs 3,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mkb Nagar 4th Cross Street?

The Sub Registrar Office that covers Mkb Nagar 4th 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 is a crucial factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mkb Nagar 4th Cross Street?

The current guideline value of Mkb Nagar 4th 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 552 per sq.ft in 2003 to Rs 4,300 per sq.ft in 2024, showing an overall increase of 679% over the years.

What is the land classification for Mkb Nagar 4th Cross Street?

Mkb Nagar 4th Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where is the Purasaivakkam Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Mkb Nagar 4th Cross Street?

The stamp duty for properties in Mkb Nagar 4th Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies.