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Guideline Value

Corporate

Guideline Value for Gopala Reddy Colony South Main Road

₹4900/sq.ft.

The guideline value for Gopala Reddy Colony South Main Road in Sembiam village (Sembiam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 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

Sembiam

Village

Sembiam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /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 Gopala Reddy Colony South Main Road

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Gopala Reddy Colony South Main Road guideline value

The current guideline value for Gopala Reddy Colony South Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Special Type - I.

How the guideline value of Gopala Reddy Colony South Main Road has changed

The guideline value for Gopala Reddy Colony South Main Road has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft. Following this, there was a substantial rise to Rs 4,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,900 per sq.ft.

In summary, the changes between revisions have been notable. The increase from 2023 to 2024 was 9%, while the jump from 2017 to 2023 was 49%. The value also rose by 400% from 2007 to 2012, and overall, there has been a 444% increase from 2007 to 2024.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Gopala Reddy Colony South Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Gopala Reddy Colony South Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gopala Reddy Colony South Main Road?

The Gopala Reddy Colony South Main Road 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 Sembiam

The guideline value is an important factor when registering property in Sembiam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Gopala Reddy Colony South Main Road?

The current guideline value of Gopala Reddy Colony South Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of 444% from Rs 900 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024.

What is the registration office for Gopala Reddy Colony South Main Road?

The registration office for Gopala Reddy Colony South Main Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Sembiam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during the registration process.

What are the guideline values for other streets in Sembiam?

The guideline values for other streets in Sembiam vary, with rates ranging from Rs 1,700 to Rs 7,100 per sq.ft. Gopala Reddy Colony South Main Road's rate is Rs 4,900 per sq.ft, which is above the median of Rs 2,700 per sq.ft.