Guideline Value

Corporate

Guideline Value for G.K.M. Colony 4th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 4th 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 4th Street

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G.K.M. Colony 4th Street guideline value

The current guideline value of G.K.M. Colony 4th 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, classified as Residential Special Type - I.

How the guideline value of G.K.M. Colony 4th Street has changed

The guideline value for G.K.M. Colony 4th 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 value increased significantly to Rs 3,300 per sq.ft in 2012, marking a 230% rise. However, it then decreased to Rs 2,211 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 3,300 per sq.ft in 2023, followed by a further rise to Rs 3,600 per sq.ft in 2024, representing a 9% increase.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 260%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that have a guideline value for 2024, 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, placing G.K.M. Colony 4th Street's current value above the median.

Stamp duty and registration fee for property in G.K.M. Colony 4th 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, totaling 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.M. Colony 4th Street?

The G.K.M. Colony 4th 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 more information.

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

When buying or selling property in Peravallur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a reference point to calculate these fees, ensuring that they are based on a standardized valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 4th Street?

The current guideline value of G.K.M. Colony 4th 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 the years.

What is the land classification for G.K.M. Colony 4th Street?

G.K.M. Colony 4th Street is classified as Residential Special Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for G.K.M. Colony 4th Street?

The Sub Registrar Office covering G.K.M. Colony 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in G.K.M. Colony 4th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 at 7%.