Guideline Value

Corporate

Guideline Value for G.K.M. Colony 14th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 14th 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 14th Street

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G.K.M. Colony 14th Street guideline value

The current guideline value of G.K.M. Colony 14th 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 the land classification is Residential Special Type - I.

How the guideline value of G.K.M. Colony 14th Street has changed

The guideline value for G.K.M. Colony 14th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,000 per sq.ft. This increased significantly to Rs 3,300 per sq.ft in 2012, marking a rise of 230%. However, it then decreased to Rs 2,211 per sq.ft in 2017, which is a decline of 33%. The value saw a substantial increase of 49% to reach Rs 3,300 per sq.ft in 2023, followed by a further increase of 9% to the current rate of Rs 3,600 per sq.ft in 2024.

It is important to note that there are no recorded figures for the years 2002 and 2003 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 value for these streets is Rs 3,301 per sq.ft, placing G.K.M. Colony 14th Street above this median.

Stamp duty and registration fee for property in G.K.M. Colony 14th 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, and the registration fee at 2% would be Rs 72,000, bringing the total cost for these fees 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.M. Colony 14th Street?

The Sub Registrar Office that covers G.K.M. Colony 14th 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 Peravallur

The guideline value is a crucial factor in property transactions in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware that the fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value can help in making informed decisions during property transactions. It is advisable to check the latest revisions and values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 14th Street?

The current guideline value of G.K.M. Colony 14th 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 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 median guideline value in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, with G.K.M. Colony 14th Street being above this median at Rs 3,600 per sq.ft.

What fees are associated with buying property in G.K.M. Colony 14th Street?

When buying property in G.K.M. Colony 14th Street, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for G.K.M. Colony 14th Street?

The Sub Registrar Office for G.K.M. Colony 14th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.