Guideline Value

Corporate

Guideline Value for G.K.M. Colony 15th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 15th 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 15th Street

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G.K.M. Colony 15th Street guideline value

The current guideline value of G.K.M. Colony 15th 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 15th Street has changed

The guideline value for G.K.M. Colony 15th Street has seen several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft. This increased significantly to Rs 3,300 per sq.ft in 2012, marking a 230% rise. However, it then dropped to Rs 2,211 per sq.ft in 2017, reflecting a decrease of 33% from the previous revision. The value further increased to Rs 3,300 per sq.ft in 2023, a 49% rise from 2017.

The most recent revision in 2024 has brought the guideline value to Rs 3,600 per sq.ft, which is a 9% increase from the previous year. It is important to note that 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, with guideline values ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 3,301 per sq.ft, placing G.K.M. Colony 15th Street's 2024 figure above that median.

Stamp duty and registration fee for property in G.K.M. Colony 15th 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, while the registration fee at 2% would be Rs 72,000, bringing the total cost together to 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.K.M. Colony 15th Street?

The G.K.M. Colony 15th Street falls under 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 when it comes to property transactions in Peravallur. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees during the sale or purchase process.

When a buyer or seller registers a property, the guideline value helps ensure that the transaction reflects a fair value according to government standards. This value is essential for both parties to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 15th Street?

The current guideline value of G.K.M. Colony 15th Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How much 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, marking a total increase of 260% over the years.

What are the stamp duty and registration fees for properties in this area?

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 property registrations for G.K.M. Colony 15th Street?

The Sembiam Sub Registrar Office is responsible for property registrations in G.K.M. Colony 15th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value of a property for calculating stamp duty and registration fees during transactions. It ensures that the property value aligns with government standards.