Guideline Value for MAKIZHAM ENCLAVE PHASE - I

Makizham Enclave Phase - I guideline value

The current guideline value of Makizham Enclave Phase - I is Rs 1,760 per sq.ft, effective from 1 July 2024. This property is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of Makizham Enclave Phase - I has changed

The guideline value for Makizham Enclave Phase - I has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Notably, from 2017 to 2024, the overall increase stands at 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The significant changes observed between revisions include a 49% increase from 2017 to 2023, followed by the aforementioned 10% rise leading into 2024.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Makizham Enclave Phase - I above this median.

• Malai Koil Street: Rs 1,760 per sq.ft (2024)
• Malaiyadivaram Kulakarai: Rs 1,760 per sq.ft (2024)
• Malaiyadivaram Murugan Koil: Rs 1,760 per sq.ft (2024)
• Malaiyadivaram Natham: Rs 1,760 per sq.ft (2024)
• Manickam Nagar: Rs 1,760 per sq.ft (2024)
• Manickam Nagar 1st Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Makizham Enclave Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Makizham Enclave Phase - I?

The Sub Registrar Office that covers Makizham Enclave Phase - I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to consider the guideline value as it influences the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning during the sale or purchase process.

Frequently asked questions

What is the current guideline value of Makizham Enclave Phase - I?

The current guideline value of Makizham Enclave Phase - I is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets with the same guideline value in Kunrathour-B?

Other streets in Kunrathour-B that share the same guideline value of Rs 1,760 per sq.ft include Malai Koil Street, Malaiyadivaram Kulakarai, Malaiyadivaram Murugan Koil, Malaiyadivaram Natham, Manickam Nagar, and Manickam Nagar 1st Street.

What is the stamp duty for a property in Makizham Enclave Phase - I?

The stamp duty for a property in Makizham Enclave Phase - I is 7% of the guideline value. For example, on a 1,000 sq.ft plot valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200.

Where is the Sub Registrar Office for Makizham Enclave Phase - I located?

The Sub Registrar Office for Makizham Enclave Phase - I is located at No.59, Road Street, Kundrathur, Chennai -600 069.