Guideline Value

Corporate

Guideline Value for G.K.M. Colony 11th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 11th 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 11th Street

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G.K.M. Colony 11th Street guideline value

The current guideline value of G.K.M. Colony 11th Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of G.K.M. Colony 11th Street has changed

The guideline value for G.K.M. Colony 11th Street has undergone several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased significantly to Rs 3,300 per sq.ft in 2012. However, this figure dropped to Rs 2,211 per sq.ft in 2017. The 2023 revision saw a rise to Rs 3,300 per sq.ft, and the most recent revision in 2024 has established the current guideline value at Rs 3,600 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

Between these revisions, the changes have varied. From 2007 to 2012, there was a notable increase of 230%. However, the value fell by 33% from 2012 to 2017. The subsequent rise from 2017 to 2023 was substantial at 49%, and the latest increase from 2023 to 2024 is 9%. Overall, from 2007 to 2024, the guideline value has risen by 260%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value across these streets is Rs 3,301 per sq.ft, placing G.K.M. Colony 11th Street's 2024 figure above the median.

Stamp duty and registration fee for property in G.K.M. Colony 11th 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 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 fee would be Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.K.M. Colony 11th Street?

The G.K.M. Colony 11th 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 during the registration process of property transactions in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the associated duties. This ensures that the registration reflects the correct value of the property being transferred.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 11th Street?

The current guideline value of G.K.M. Colony 11th 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 seen several revisions, increasing from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, marking a total increase of 260% over this period.

What is the land classification for G.K.M. Colony 11th Street?

The land classification for G.K.M. Colony 11th Street is Residential Special Type - I.

What are the stamp duty and registration fees for property in G.K.M. Colony 11th Street?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which office handles the registration for G.K.M. Colony 11th Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011, handles the registration for G.K.M. Colony 11th Street.