Guideline Value

Corporate

Guideline Value for G.K.M. Colony 19th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 19th 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 19th Street

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G.K.M. Colony 19th Street guideline value

The current guideline value of G.K.M. Colony 19th Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Residential Special Type - I.

How the guideline value of G.K.M. Colony 19th Street has changed

In the 2007 revision, the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,300 per sq.ft in the 2012 revision, marking a rise of 230%. However, the value then decreased to Rs 2,211 per sq.ft in the 2017 revision, a decline of 33%. The 2023 revision saw a substantial increase to Rs 3,300 per sq.ft, followed by another rise to the current value of Rs 3,600 per sq.ft in 2024, which is a 9% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 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 with a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, placing G.K.M. Colony 19th Street's 2024 figure above this median.

Stamp duty and registration fee for property in G.K.M. Colony 19th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the guideline value is Rs 36,00,000. The stamp duty at 7% amounts to Rs 2,52,000, while the registration fee at 2% totals Rs 72,000, bringing the total to Rs 3,24,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.K.M. Colony 19th Street?

The Sub Registrar Office that covers G.K.M. Colony 19th 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 determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value provides a benchmark for both parties. It helps in negotiating the sale price, as the registration process will consider the guideline value or the agreed sale price, whichever is higher, for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 19th Street?

The current guideline value of G.K.M. Colony 19th 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 changes, from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, marking an overall increase of 260% over this period.

Where can I find the Sembiam Sub Registrar Office?

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

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft for the year 2024.

How is the stamp duty calculated in G.K.M. Colony 19th Street?

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