Guideline Value

Corporate

Guideline Value for G.K.M. Colony 18th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 18th 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 18th Street

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G.K.M. Colony 18th Street guideline value

The current guideline value of G.K.M. Colony 18th 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 18th Street has changed

The guideline value for G.K.M. Colony 18th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 3,300 per sq.ft in 2012. However, this figure decreased to Rs 2,211 per sq.ft in 2017. The value then rose significantly to Rs 3,300 per sq.ft in 2023, and finally, it is currently set at Rs 3,600 per sq.ft as of the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2012, the guideline value increased by 230%. However, it saw a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and there has been a 9% increase from 2023 to 2024. 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, with a median of Rs 3,301 per sq.ft. The guideline value of G.K.M. Colony 18th Street is above this median.

Stamp duty and registration fee for property in G.K.M. Colony 18th 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 these fees would be 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.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.M. Colony 18th Street?

The G.K.M. Colony 18th 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 plays a crucial role during the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these fees are calculated based on the official value set by the government.

When a property transaction takes place, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the amount paid in taxes reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 18th Street?

The current guideline value of G.K.M. Colony 18th 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, representing an overall increase of 260% over this period.

What are the stamp duty and registration fees in G.K.M. Colony 18th 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.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification of G.K.M. Colony 18th Street?

The land classification for G.K.M. Colony 18th Street is Residential Special Type - I.