Guideline Value for MAKIZCHI NAGAR

Makizchi Nagar guideline value

The current guideline value of Makizchi Nagar is Rs 575 per sq.ft, effective from 1 July 2024. This area is located in Mangalam village and falls under the Thirukazhukundram SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Makizchi Nagar has changed

There are no recorded guideline values for Makizchi Nagar in the revisions from 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 575 per sq.ft.

Since there are no figures available for the previous revisions, it can be concluded that the guideline value for Makizchi Nagar has been established only in the 2024 revision.

Guideline values in Mangalam

In Mangalam, there are 15 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 350 to Rs 1,300 per sq.ft. The median value among these streets is Rs 575 per sq.ft, which is equal to the guideline value of Makizchi Nagar.

• Makizchi Nagar II: Rs 575 per sq.ft (2024)
• Metro Mount City - II: Rs 350 per sq.ft (2024)
• Ram Avenue: Rs 402 per sq.ft (2024)
• Singhvi Emerald: Rs 1,000 per sq.ft (2024)
• Sri Ragavendra Avenue: Rs 402 per sq.ft (2024)
• Sri Sai Ganesh Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Makizchi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 575 per sq.ft, the total guideline value would be Rs 5,75,000. The stamp duty at 7% would amount to Rs 40,250, and the registration fee at 2% would be Rs 11,500, together totaling Rs 51,750. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Makizchi Nagar?

The Sub Registrar Office that covers Makizchi Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mangalam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Makizchi Nagar?

The current guideline value of Makizchi Nagar is Rs 575 per sq.ft, effective from 1 July 2024.

What is the land classification of Makizchi Nagar?

Makizchi Nagar is classified as Residential Special Type - II.

How has the guideline value changed over the years?

There are no recorded guideline values for Makizchi Nagar in the revisions from 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

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

The Sub Registrar Office for Makizchi Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Makizchi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 575 per sq.ft, the total guideline value would be Rs 5,75,000.