Guideline Value for Makaliyamman Koil Street

Makaliyamman Koil Street guideline value

The current guideline value of Makaliyamman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - I.

How the guideline value of Makaliyamman Koil Street has changed

Over the years, the guideline value for Makaliyamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. This represented a decrease of 33%. However, the value significantly increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The current guideline value is Rs 880 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the current guideline value for Makaliyamman Koil Street.

• Malaiyala Street: Rs 1,650 per sq.ft (2024)
• Lakshmi Nagar: Rs 880 per sq.ft (2024)
• Mettu Kammal Street: Rs 880 per sq.ft (2024)
• Mettupalayam Street: Rs 1,100 per sq.ft (2024)
• Kumaran Nagar: Rs 880 per sq.ft (2024)
• Krishnasamy Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Makaliyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 Makaliyamman Koil Street?

The Sub Registrar Office that covers Makaliyamman Koil Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ist Division. 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 sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the correct revenue from property transactions. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Makaliyamman Koil Street?

The current guideline value of Makaliyamman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Makaliyamman Koil Street?

Makaliyamman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where can I find the Sub Registrar Office for Makaliyamman Koil Street?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.