Guideline Value

Corporate

Guideline Value for G.K.M. Colony 23rd Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 23rd 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 23rd Street

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G.K.M. Colony 23rd Street guideline value

The current guideline value of G.K.M. Colony 23rd 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 23rd Street has changed

The guideline value for G.K.M. Colony 23rd Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased dramatically to Rs 3,300 per sq.ft in 2012, marking a significant rise of 230%. However, from 2012 to 2017, the value decreased to Rs 2,211 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 3,300 per sq.ft in 2023, which was a 49% increase. Currently, the 2024 revision sets the value at Rs 3,600 per sq.ft, representing a 9% increase from the previous year.

It is important to note that there are no recorded figures for G.K.M. Colony 23rd Street in the years 2002 and 2003. 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 have 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, and G.K.M. Colony 23rd Street's current guideline value is above this median.

Stamp duty and registration fee for property in G.K.M. Colony 23rd 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.M. Colony 23rd Street?

The G.K.M. Colony 23rd Street falls under the jurisdiction of 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 registering property in Peravallur. It serves as a benchmark for determining the value of the property for registration purposes, ensuring that the property is not undervalued during the sale process.

When a buyer purchases property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for G.K.M. Colony 23rd Street?

The current guideline value for G.K.M. Colony 23rd 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, increasing from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, which is an overall increase of 260%.

What are the stamp duty and registration fees for properties in G.K.M. Colony 23rd Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,24,000.

Which office handles property registration for G.K.M. Colony 23rd Street?

The Sembiam Sub Registrar Office handles property registration for G.K.M. Colony 23rd Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for G.K.M. Colony 23rd Street?

The land classification for G.K.M. Colony 23rd Street is Residential Special Type - I, indicating its use for residential purposes.