Guideline Value

Corporate

Guideline Value for G.K.M. Colony 30th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 30th 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 30th Street

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G.K.M. Colony 30th Street guideline value

The current guideline value for G.K.M. Colony 30th 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 30th Street has changed

The guideline value for G.K.M. Colony 30th Street has undergone 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 saw a decrease to Rs 2,211 per sq.ft in 2017. The value then rose to Rs 3,300 per sq.ft in 2023 before reaching the current value of Rs 3,600 per sq.ft in 2024.

From 2023 to 2024, the guideline value increased by 9%. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%. Notably, the value surged by 230% from 2007 to 2012. Overall, from 2007 to 2024, 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 range 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, making G.K.M. Colony 30th Street's current value above this median.

Stamp duty and registration fee for property in G.K.M. Colony 30th 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, resulting in a total of 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.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers G.K.M. Colony 30th Street?

The Sub Registrar Office that covers G.K.M. Colony 30th 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 reference point during property registration in Peravallur. It is used to determine the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When buying or selling property, it is essential to understand that the guideline value may influence the transaction process. Buyers should be prepared for costs associated with the guideline value, as it serves as a basis for calculating various fees during the registration process.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 30th Street?

The current guideline value of G.K.M. Colony 30th 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 this period.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, with G.K.M. Colony 30th Street's value above this median.

Where is the Sembiam Sub Registrar Office located?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For G.K.M. Colony 30th Street, the current guideline value is Rs 3,600 per sq.ft.