Guideline Value

Corporate

Guideline Value for G.K.M. Colony 42nd Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 42nd 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 42nd Street

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G.K.M. Colony 42nd Street guideline value

The current guideline value of G.K.M. Colony 42nd 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 it is classified as Residential Special Type - I.

How the guideline value of G.K.M. Colony 42nd Street has changed

The guideline value for G.K.M. Colony 42nd Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,300 per sq.ft in 2012, marking a 230% rise. However, it then dropped to Rs 2,211 per sq.ft in 2017, a decrease of 33%. The value saw a substantial increase to Rs 3,300 per sq.ft in 2023, followed by another rise to the current Rs 3,600 per sq.ft in 2024, which is a 9% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value is 260%, reflecting the changes in the property market over these years. The revision figures are as follows: Rs 1,000 per sq.ft in 2007, Rs 3,300 per sq.ft in 2012, Rs 2,211 per sq.ft in 2017, Rs 3,300 per sq.ft in 2023, and the current Rs 3,600 per sq.ft in 2024.

Guideline values in Peravallur

In Peravallur village, 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. The median guideline value for these streets is Rs 3,301 per sq.ft, making the 2024 guideline value of G.K.M. Colony 42nd Street above this median.

Stamp duty and registration fee for property in G.K.M. Colony 42nd 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, while the registration fee at 2% would be Rs 72,000, making the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers G.K.M. Colony 42nd Street?

The G.K.M. Colony 42nd Street falls under the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

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, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 42nd Street?

The current guideline value of G.K.M. Colony 42nd 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 for G.K.M. Colony 42nd Street has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, showing an overall increase of 260% over the years.

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 in 2024 include G.K.M. Colony 41st Street, G.K.M. Colony 43rd Street, G.K.M. Colony 40th Street, G.K.M. Colony 3rd Street, G.K.M. Colony 4th Street, and G.K.M. Colony 5th Street.

What is the registration fee for properties in G.K.M. Colony 42nd Street?

The registration fee for properties in G.K.M. Colony 42nd Street is calculated at 2% of the guideline value. For example, for a property valued at Rs 36,00,000, the registration fee would be Rs 72,000.

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 42nd Street.