Guideline Value

Corporate

Guideline Value for G.K.M. Colony 10th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 10th Street in Peravallur village (Sembiam SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2211 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on G.k.m. Colony 10th Street

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G.K.M. Colony 10th Street guideline value

The current guideline value of G.K.M. Colony 10th Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Special Type - I.

How the guideline value of G.K.M. Colony 10th Street has changed

The guideline value for G.K.M. Colony 10th Street has seen significant changes over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased dramatically to Rs 3,300 per sq.ft in 2012, marking a rise of 230%. However, from 2012 to 2017, the value decreased to Rs 2,211 per sq.ft, a decline of 33%. The value then rose to Rs 3,300 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,600 per sq.ft, an increase of 9% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 260%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,301 per sq.ft, placing G.K.M. Colony 10th Street's value above this median.

Stamp duty and registration fee for property in G.K.M. Colony 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty, charged at 7%, would amount to Rs 2,52,000, while the registration fee at 2% would be Rs 72,000. Together, the total cost for stamp duty and registration would be Rs 3,24,000. It is essential 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 G.K.M. Colony 10th Street?

The G.K.M. Colony 10th Street falls under the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these charges are calculated accurately based on the established values.

When engaging in property transactions, it is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of registration. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 10th Street?

The current guideline value of G.K.M. Colony 10th Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, marking an overall increase of 260%.

What are the other streets in Peravallur with the same guideline value?

Other streets in Peravallur, such as G.K.M. Colony 11th, 12th, 13th, 14th, 15th, and 16th Streets, also have a guideline value of Rs 3,600 per sq.ft for 2024.

What is the registration office for G.K.M. Colony 10th Street?

The registration office covering G.K.M. Colony 10th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at 7% of the guideline value, along with a registration fee of 2%.