Guideline Value for Makkaram Thottam 8th Street

Makkaram Thottam 8th Street guideline value

The current guideline value of Makkaram Thottam 8th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Makkaram Thottam 8th Street has changed

The guideline value for Makkaram Thottam 8th Street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 700 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a remarkable rise of 329%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2017, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by 371%.

Guideline values in Kolathur

In Kolathur, a total of 879 streets under the Sembiam SRO have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with the median value being Rs 3,300 per sq.ft. Makkaram Thottam 8th Street's guideline value aligns perfectly with this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 33,00,000. The stamp duty is calculated at 7%, totaling Rs 2,31,000, and the registration fee at 2% amounts to Rs 66,000. Therefore, the total cost for stamp duty and registration fee together is Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Makkaram Thottam 8th Street?

The Sub Registrar Office that covers Makkaram Thottam 8th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Kolathur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory costs involved in the property transaction process.

When a buyer agrees on a sale price, the guideline value is compared to ensure that the registration reflects the higher of the two amounts. This ensures that the government receives the appropriate taxes based on the property’s value.

Frequently asked questions

What is the current guideline value of Makkaram Thottam 8th Street?

The current guideline value of Makkaram Thottam 8th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 700 per sq.ft to Rs 3,300 per sq.ft in 2024, which is an overall increase of 371%.

What is the land classification for Makkaram Thottam 8th Street?

Makkaram Thottam 8th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find more information about the Sembiam Sub Registrar Office?

You can find more information about the Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011. Additional details can be accessed through the link to find your SRO.

What is the median guideline value for streets in Kolathur?

The median guideline value for streets in Kolathur is Rs 3,300 per sq.ft, which is the same as the guideline value for Makkaram Thottam 8th Street in 2024.