Guideline Value

Corporate

Guideline Value for G.K.M. Colony 31st Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 31st 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 31st Street

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G.K.M. Colony 31st Street guideline value

The current guideline value of G.K.M. Colony 31st 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 31st Street has changed

Over the years, the guideline value of G.K.M. Colony 31st Street has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,300 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 2,211 per sq.ft. The following revision in 2023 raised it to Rs 3,300 per sq.ft, and the most recent revision in 2024 now places it at Rs 3,600 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall change in the guideline value is an increase of 260%. Notably, the change from 2023 to 2024 reflects a 9% increase, while the revision from 2017 to 2023 shows a significant rise of 49%. The 2012 to 2017 period experienced a decrease of 33%, and the jump from 2007 to 2012 was a remarkable 230%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO with 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, placing G.K.M. Colony 31st Street's 2024 figure above that median.

Stamp duty and registration fee for property in G.K.M. Colony 31st 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.M. Colony 31st Street?

The G.K.M. Colony 31st 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Peravallur. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements and accurate financial planning.

When purchasing or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is documented accurately and reflects the official valuation set by the government.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 31st Street?

The current guideline value of G.K.M. Colony 31st 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, marking an overall increase of 260% across the years.

What is the median guideline value in Peravallur?

The median guideline value for the 423 streets in Peravallur under the Sembiam SRO is Rs 3,301 per sq.ft.

What are the stamp duty rates for properties in G.K.M. Colony 31st Street?

The stamp duty for properties in G.K.M. Colony 31st Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

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