Guideline Value

Corporate

Guideline Value for G.K.M. Colony 28th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 28th 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 28th Street

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G.K.M. Colony 28th Street guideline value

The current guideline value of G.K.M. Colony 28th 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 28th Street has changed

The guideline value for G.K.M. Colony 28th Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,300 per sq.ft in 2012. However, it dropped to Rs 2,211 per sq.ft in 2017. The most recent revisions show an increase to Rs 3,300 per sq.ft in 2023, followed by a further increase to Rs 3,600 per sq.ft in 2024, marking a 9% rise from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while the value decreased by 33% from 2012 to 2017. The increase from 2007 to 2012 was substantial at 230%. 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 value of Rs 3,301 per sq.ft. G.K.M. Colony 28th Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in G.K.M. Colony 28th 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 be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, making the total cost Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.M. Colony 28th Street?

The G.K.M. Colony 28th Street is covered by the Sembiam Sub Registrar Office located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 28th Street?

The current guideline value of G.K.M. Colony 28th 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, with various revisions in between. The most significant increase was from 2007 to 2012, which saw a rise of 230%.

What is the land classification for G.K.M. Colony 28th Street?

G.K.M. Colony 28th Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available on the website.

Which office handles registrations for G.K.M. Colony 28th Street?

The Sembiam Sub Registrar Office handles registrations for G.K.M. Colony 28th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.