Guideline Value

Corporate

Guideline Value for G.K.M. Colony 12th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 12th 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 12th Street

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G.K.M. Colony 12th Street guideline value

The current guideline value for G.K.M. Colony 12th Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of G.K.M. Colony 12th Street has changed

Over the years, the guideline value for G.K.M. Colony 12th Street has seen several revisions. The oldest recorded revision is from 2007, where the value was Rs 1,000 per sq.ft. This figure increased significantly to Rs 3,300 per sq.ft in 2012, marking a 230% rise. However, between 2012 and 2017, the value decreased to Rs 2,211 per sq.ft, a decline of 33%. The next revision in 2023 saw the value rise again to Rs 3,300 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 3,600 per sq.ft, reflecting a 9% increase from the previous year.

In summary, from 2007 to 2024, the overall change in guideline value is an increase of 260%. The register has no figures for the years 2002 and 2003 for this street.

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 12th Street above this median.

Stamp duty and registration fee for property in G.K.M. Colony 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total charges to Rs 3,24,000. 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 G.K.M. Colony 12th Street?

The G.K.M. Colony 12th Street is covered by 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 Peravallur

The guideline value is a crucial factor in property transactions in Peravallur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 12th Street?

The current guideline value of G.K.M. Colony 12th 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 from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, reflecting an overall increase of 260% over the years.

What is the registration office for G.K.M. Colony 12th Street?

The registration office for G.K.M. Colony 12th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in G.K.M. Colony 12th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 at a rate of 7%.

What are the guideline values of other streets in Peravallur?

Other streets in Peravallur, such as G.K.M. Colony 11th Street, 13th Street, 10th Street, 14th Street, 15th Street, and 16th Street, all have a guideline value of Rs 3,600 per sq.ft as of 2024.