Guideline Value

Corporate

Guideline Value for G.K.M. Colony 43rd Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 43rd 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 43rd Street

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G.K.M. Colony 43rd Street guideline value

The current guideline value of G.K.M. Colony 43rd 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 43rd Street has changed

The guideline value for G.K.M. Colony 43rd Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,000 per sq.ft. This increased significantly to Rs 3,300 per sq.ft in the 2012 revision, followed by a decrease to Rs 2,211 per sq.ft in 2017. The 2023 revision saw a rise to Rs 3,300 per sq.ft, and the most recent 2024 revision has brought it to Rs 3,600 per sq.ft. Notably, the register has no figure for this street in 2002 and 2003.

From 2007 to 2012, the value increased by 230%. However, it then decreased by 33% from 2012 to 2017. The value saw a substantial increase of 49% from 2017 to 2023, and from 2023 to 2024, it rose by 9%. 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. The median guideline value for these streets is Rs 3,301 per sq.ft, placing G.K.M. Colony 43rd Street's 2024 figure above that median.

Stamp duty and registration fee for property in G.K.M. Colony 43rd 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 at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total cost for duties and 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.

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

Which Sub Registrar Office covers G.K.M. Colony 43rd Street?

The G.K.M. Colony 43rd Street falls under 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 serves as a benchmark for property transactions in Peravallur. When buying or selling property, this value is used to determine the stamp duty and registration fees, which are essential costs associated with property transactions.

It is crucial for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Accurate knowledge of this value can help in planning finances related to property dealings.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 43rd Street?

The current guideline value of G.K.M. Colony 43rd 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 are the stamp duty and registration fees for a property in G.K.M. Colony 43rd Street?

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.

Where is the Sembiam Sub Registrar Office located?

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

What is the median guideline value for streets in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, with G.K.M. Colony 43rd Street's current value being above this median.