Guideline Value

Corporate

Guideline Value for G.K.M. Colony 5th Street

₹3600/sq.ft.

The guideline value for G.k.m. Colony 5th 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 5th Street

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G.K.M. Colony 5th Street guideline value

The current guideline value of G.K.M. Colony 5th 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 5th Street has changed

The guideline value for G.K.M. Colony 5th Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the 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, from 2012 to 2017, the value decreased to Rs 2,211 per sq.ft, which is a drop of 33%. The value then rose again to Rs 3,300 per sq.ft in 2023, showing a 49% increase. The most recent revision in 2024 set the value at Rs 3,600 per sq.ft, reflecting a 9% increase from the previous year.

There are no recorded guideline values for G.K.M. Colony 5th Street in 2002 and 2003. 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 with a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, placing G.K.M. Colony 5th Street's 2024 figure above this median.

Stamp duty and registration fee for property in G.K.M. Colony 5th 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, while the registration fee at 2% would be Rs 72,000. Together, the total cost for stamp duty and registration fee would be 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 accurate estimates.

Which Sub Registrar Office covers G.K.M. Colony 5th Street?

The G.K.M. Colony 5th 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 during the registration of property transactions in Peravallur. It is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the state authorities. This process helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of G.K.M. Colony 5th Street?

The current guideline value of G.K.M. Colony 5th 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, marking an overall increase of 260% over the years.

What is the median guideline value in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft, with G.K.M. Colony 5th Street's value being above this median.

What are the stamp duty and registration fees for properties in G.K.M. Colony 5th Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft property, the total fee would be Rs 3,24,000.

Which office handles the registration for G.K.M. Colony 5th Street?

The Sembiam Sub Registrar Office handles the registration for G.K.M. Colony 5th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.