Guideline Value

Corporate

Guideline Value for G.K.M. Colony 26th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 26th 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 26th Street

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G.K.M. Colony 26th Street guideline value

The current guideline value for G.K.M. Colony 26th 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 26th Street has changed

The guideline value for G.K.M. Colony 26th Street has seen several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased significantly to Rs 3,300 per sq.ft in 2012. However, there was a decrease to Rs 2,211 per sq.ft in 2017. The value then rose to Rs 3,300 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 3,600 per sq.ft. The register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The value then rose by 9% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 260%. The fluctuations in value reflect the changing dynamics of the area over the years.

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. The median value for these streets is Rs 3,301 per sq.ft, making the 2024 figure for G.K.M. Colony 26th Street above that median.

Stamp duty and registration fee for property in G.K.M. Colony 26th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the guideline value would total 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, making the total cost for these fees Rs 3,24,000. It is important to note that 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 details.

Which Sub Registrar Office covers G.K.M. Colony 26th Street?

The G.K.M. Colony 26th Street falls under the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a critical factor during property transactions in Peravallur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for all property registrations. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the minimum sale price for registration purposes. This ensures that the transaction is recorded accurately and reflects the true value of the property as per government standards.

Frequently asked questions

What is the current guideline value for G.K.M. Colony 26th Street?

The current guideline value for G.K.M. Colony 26th 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 from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, reflecting an overall 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.

What other streets have the same guideline value in Peravallur?

Other streets in Peravallur, such as G.K.M. Colony 25th Street, 27th Street, 24th Street, 23rd Street, 28th Street, and 22nd Street, all share the same guideline value of Rs 3,600 per sq.ft for 2024.

Which Sub Registrar Office is responsible for G.K.M. Colony 26th Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011, is responsible for G.K.M. Colony 26th Street.