Guideline Value for Makkaram Thottam 7th Street

Makkaram Thottam 7th Street guideline value

The current guideline value of Makkaram Thottam 7th Street is Rs 3,300 per sq.ft. This street is located in Kolathur village, under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Makkaram Thottam 7th Street has changed

The guideline value for Makkaram Thottam 7th Street has seen significant changes over the years. In 2007, the value was Rs 700 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2012 revision, marking a substantial rise of 329%. The latest revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the 2012 figure.

It is important to note that there are no figures available for the years 2023, 2017, 2003, and 2002 for this street. 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 with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Makkaram Thottam 7th Street.

• Makkaram Thottam 6th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 8th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 5th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 9th Street: Rs 3,300 per sq.ft (2024)
• Makkaram Thottam 4th 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 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Makkaram Thottam 7th Street?

The Makkaram Thottam 7th Street falls under 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 a crucial reference point when registering property in Kolathur. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately and reflects the current market conditions as per the official register. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Makkaram Thottam 7th Street?

The current guideline value of Makkaram Thottam 7th Street 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 changed from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 371%.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 2,97,000.

Which office handles registrations for Makkaram Thottam 7th Street?

The Sembiam Sub Registrar Office handles registrations for Makkaram Thottam 7th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

Are there other streets with the same guideline value in Kolathur?

Yes, several other streets in Kolathur also have a guideline value of Rs 3,300 per sq.ft in 2024, including Makkaram Thottam 6th Street, 8th Street, 5th Street, 9th Street, 4th Street, and 3rd Street.