Guideline Value

Corporate

Guideline Value for G.K.M. Colony 35th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 35th 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 35th Street

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G.K.M. Colony 35th Street guideline value

The current guideline value of G.K.M. Colony 35th 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 35th Street has changed

The guideline value for G.K.M. Colony 35th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,300 per sq.ft in 2012. However, this figure dropped 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.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 230%. It then decreased by 33% from 2012 to 2017. Following this, there was a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 9% increase. Overall, the guideline value has increased by 260% from 2007 to 2024.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO, with guideline values ranging 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 the 2024 figure for G.K.M. Colony 35th Street above this median.

Stamp duty and registration fee for property in G.K.M. Colony 35th 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 fees together 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.M. Colony 35th Street?

The G.K.M. Colony 35th Street falls under 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 critical factor in the registration process for property transactions in Peravallur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 35th Street?

The current guideline value of G.K.M. Colony 35th 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 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 are the other streets in Peravallur with the same guideline value?

Other streets in Peravallur that share the same guideline value of Rs 3,600 per sq.ft include G.K.M. Colony 34th Street, G.K.M. Colony 36th Street, G.K.M. Colony 33rd Street, G.K.M. Colony 32nd Street, G.K.M. Colony 37th Street, and G.K.M. Colony 38th Street.

What is the registration fee for a property in G.K.M. Colony 35th Street?

The registration fee for a property in G.K.M. Colony 35th Street is 2% of the guideline value. For a property valued at Rs 36,00,000, the registration fee would be Rs 72,000.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in G.K.M. Colony 35th Street.