Guideline Value

Corporate

Guideline Value for G.K.M. Colony 39th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 39th 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 39th Street

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G.K.M. Colony 39th Street guideline value

The current guideline value of G.K.M. Colony 39th 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 39th Street has changed

The guideline value for G.K.M. Colony 39th Street has undergone several revisions over the years. Starting from the 2007 revision, where the value was Rs 1,000 per sq.ft, it increased significantly to Rs 3,300 per sq.ft in 2012, representing a 230% rise. However, the value decreased to Rs 2,211 per sq.ft in 2017, marking a 33% decline. The subsequent revision in 2023 saw the value rise again to Rs 3,300 per sq.ft, followed by a further increase to Rs 3,600 per sq.ft in 2024, which is a 9% increase from the previous year.

It is important to note that there are no figures available for G.K.M. Colony 39th Street in the 2002 and 2003 revisions. 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 39th Street's 2024 figure of Rs 3,600 per sq.ft is above this median.

Stamp duty and registration fee for property in G.K.M. Colony 39th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty, charged at 7%, would be 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.M. Colony 39th Street?

The G.K.M. Colony 39th 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 when registering property transactions in Peravallur. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the property is assessed fairly during the transaction process.

When buyers and sellers engage in a property transaction, the guideline value helps to determine the official value of the property for legal and tax purposes. This ensures transparency and adherence to the regulations set by the registration department.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 39th Street?

The current guideline value of G.K.M. Colony 39th 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 seen significant changes, increasing from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, which is an overall increase of 260%.

What are the other streets in Peravallur with the same guideline value?

Several other streets in Peravallur have the same guideline value of Rs 3,600 per sq.ft for 2024, including G.K.M. Colony 38th Street, G.K.M. Colony 3rd Street, G.K.M. Colony 37th Street, G.K.M. Colony 40th Street, G.K.M. Colony 41st Street, and G.K.M. Colony 36th Street.

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. These fees are based on 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. This office handles the registration of properties in G.K.M. Colony 39th Street.