Guideline Value

Corporate

Guideline Value for G.K.M. Colony 1st Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 1st 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 1st Street

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G.K.M. Colony 1st Street guideline value

The current guideline value of G.K.M. Colony 1st 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 1st Street has changed

The guideline value for G.K.M. Colony 1st Street has seen several revisions over the years. The 2007 revision set the guideline value at Rs 1,000 per sq.ft. This value increased significantly to Rs 3,300 per sq.ft in the 2012 revision, marking a 230% rise. However, in the 2017 revision, the value decreased to Rs 2,211 per sq.ft, reflecting a 33% drop. From 2017 to 2023, the value rose again to Rs 3,300 per sq.ft, a substantial increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 3,600 per sq.ft, which is a 9% increase from the previous year.

The register has no figures for G.K.M. Colony 1st Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 260%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that have a 2024 guideline value 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, indicating that G.K.M. Colony 1st Street's 2024 figure is above the median.

Stamp duty and registration fee for property in G.K.M. Colony 1st 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 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.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers G.K.M. Colony 1st Street?

The G.K.M. Colony 1st Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Peravallur

The guideline value is a crucial reference point during property transactions in Peravallur. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

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 duties. This ensures that the registration reflects the true value of the transaction, safeguarding both parties in the deal.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 1st Street?

The current guideline value of G.K.M. Colony 1st 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 increased from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, reflecting a total increase of 260% over the years.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, which is below the current guideline value of G.K.M. Colony 1st Street.

What are the stamp duty and registration fees for property in G.K.M. Colony 1st 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.