Guideline Value for KILPAUK GARDEN 1ST CROSS STREET

Kilpauk Garden 1st Cross Street guideline value

The current guideline value of Kilpauk Garden 1st Cross Street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Kilpauk Garden 1st Cross Street has changed

The guideline value register for Kilpauk Garden 1st Cross Street has undergone several revisions over the years. However, there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 13,400 per sq.ft.

Since there are no figures for the previous revisions, it can be noted that the guideline value for this street has remained consistent since the 2024 revision. Thus, the current rate reflects the most up-to-date valuation for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are a total of 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, indicating that Kilpauk Garden 1st Cross Street's 2024 figure is above the median.

• Kilpauk Garden 2nd Cross Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd Lane: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd Link Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 3rd Link Cross Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 3rd Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 4th Street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value amounts to Rs 1,34,00,000. The stamp duty, charged at 7%, would be Rs 9,38,000, while the registration fee at 2% would be Rs 2,68,000. The total cost for these fees would be Rs 12,06,000. 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 Kilpauk Garden 1st Cross Street?

The Sub Registrar Office that covers Kilpauk Garden 1st Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation for tax purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the property transfer, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kilpauk Garden 1st Cross Street?

The current guideline value of Kilpauk Garden 1st Cross Street is Rs 13,400 per sq.ft, effective from 1 July 2024.

What is the land classification for Kilpauk Garden 1st Cross Street?

The land classification for Kilpauk Garden 1st Cross Street is Mixed Type - I.

What are the other streets with the same guideline value in Purasaivakkam?

Other streets in Purasaivakkam with the same guideline value of Rs 13,400 per sq.ft include Kilpauk Garden 2nd Cross Street, Kilpauk Garden 2nd Lane, Kilpauk Garden 2nd Link Street, Kilpauk Garden 3rd Link Cross Street, Kilpauk Garden 3rd Street, and Kilpauk Garden 4th Street.

How is stamp duty calculated for properties in Kilpauk Garden 1st Cross Street?

Stamp duty for properties in Kilpauk Garden 1st Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Kilpauk Garden 1st Cross Street?

The Sub Registrar Office for Kilpauk Garden 1st Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.