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Guideline Value

Corporate

Guideline Value for K.C. Garden 6th Cross Street

₹2700/sq.ft.

The guideline value for K.c. Garden 6th Cross Street in Peravallur village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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 K.c. Garden 6th Cross Street

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K.C. Garden 6th Cross Street guideline value

The current guideline value of K.C. Garden 6th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of K.C. Garden 6th Cross Street has changed

Over the years, the guideline value of K.C. Garden 6th Cross Street has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 1,000 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, it then saw a decrease to Rs 1,675 per sq.ft in 2017, which was a decline of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, and most recently to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase.

In summary, the guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, resulting in an overall increase of 170% over this period. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

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, with a median value of Rs 3,301 per sq.ft. The guideline value for K.C. Garden 6th Cross Street is below this median.

Stamp duty and registration fee for property in K.C. Garden 6th Cross Street

For a property of 1,000 sq.ft at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.C. Garden 6th Cross Street?

The K.C. Garden 6th Cross Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value influences the financial obligations of both parties. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of K.C. Garden 6th Cross Street?

The current guideline value of K.C. Garden 6th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 170% over this period.

What is the stamp duty rate for properties in K.C. Garden 6th Cross Street?

The stamp duty rate for properties in K.C. Garden 6th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in K.C. Garden 6th Cross Street is 2% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Peravallur?

The Sembiam Sub Registrar Office handles property registrations in Peravallur, located at 5, Papermills Road, Sembiam, Chennai - 600011.