Guideline Value for KUDHARUTHULLAH ALIKHAN MAKKAN

Kudharuthullah Alikhan Makkan guideline value

The current guideline value of Kudharuthullah Alikhan Makkan is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Kudharuthullah Alikhan Makkan has changed

The guideline value of Kudharuthullah Alikhan Makkan has seen significant changes over the years. Starting from Rs 612 per sq.ft in 2002, it increased to Rs 680 per sq.ft in 2003, marking an 11% rise. The value further rose to Rs 900 per sq.ft in 2007, which was a 32% increase. By 2012, the value remained at Rs 3,000 per sq.ft, with no change from the previous revision. In 2023, the guideline value was again Rs 3,000 per sq.ft, and it has now increased to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase.

It is important to note that there is no figure available for the year 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 439%.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, indicating that the 2024 figure for Kudharuthullah Alikhan Makkan is below this median.

• Krishnaswamy Iyer Avenue: Rs 16,500 per sq.ft (2024)
• Kumara Gurunatha Street: Rs 3,300 per sq.ft (2024)
• Krishna Sha 6th Street: Rs 3,300 per sq.ft (2024)
• Krishna Sha 5th Street: Rs 3,300 per sq.ft (2024)
• Krishna Sha 4th Street: Rs 3,300 per sq.ft (2024)
• Krishna Sha 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kudharuthullah Alikhan Makkan

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kudharuthullah Alikhan Makkan?

The Kudharuthullah Alikhan Makkan is covered by the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mylapore. It serves as a benchmark for calculating the stamp duty and registration fees that buyers need to pay when purchasing property in the area.

When a property is sold, the guideline value is used to determine the official value of the property for registration purposes, ensuring that the transaction is recorded accurately and transparently. Buyers should be aware that the stamp duty is charged based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Kudharuthullah Alikhan Makkan?

The current guideline value of Kudharuthullah Alikhan Makkan is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 612 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 439% over this period.

What is the stamp duty rate for properties in Kudharuthullah Alikhan Makkan?

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

Where can I find the Mylapore Sub Registrar Office?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What are the other streets in Mylapore with guideline values?

Other streets in Mylapore include Krishnaswamy Iyer Avenue at Rs 16,500 per sq.ft, and several streets like Kumara Gurunatha Street, Krishna Sha 6th Street, Krishna Sha 5th Street, Krishna Sha 4th Street, and Krishna Sha 2nd Street, all at Rs 3,300 per sq.ft.