Guideline Value for Makkaram Thottam 13th Street

Makkaram Thottam 13th Street guideline value

The current guideline value of Makkaram Thottam 13th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Makkaram Thottam 13th Street has changed

In 2007, the guideline value for Makkaram Thottam 13th Street was Rs 700 per sq.ft. This figure saw a significant increase to Rs 3,000 per sq.ft in the 2012 revision, marking a change of +329%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is an increase of +10% from the 2012 figure.

The revisions for the years 2023, 2017, 2003, and 2002 do not have any figures listed for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by +371%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of Makkaram Thottam 13th Street.

• Makkaram Thottam 12th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 1st Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 11th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 2nd Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 10th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Makkaram Thottam 13th Street

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, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Makkaram Thottam 13th Street?

The Sub Registrar Office that covers Makkaram Thottam 13th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is used as a reference point for property transactions in Kolathur. When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that the transaction is registered accurately.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Proper knowledge of the guideline value can assist in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Makkaram Thottam 13th Street?

The current guideline value of Makkaram Thottam 13th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +371%.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations in Kolathur?

The Sembiam Sub Registrar Office handles property registrations for Makkaram Thottam 13th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Makkaram Thottam 13th Street?

The land classification for Makkaram Thottam 13th Street is Residential Class I Type - I, indicating its suitability for residential purposes.