Guideline Value for KILPAUK GARDEN 2ND LANE

Kilpauk Garden 2nd Lane guideline value

The current guideline value for Kilpauk Garden 2nd Lane is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Kilpauk Garden 2nd Lane has changed

The guideline value register has no figures for Kilpauk Garden 2nd Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, which took place in 2024, sets the guideline value at Rs 13,400 per sq.ft.

Since there are no figures available for previous revisions, it can be noted that the current guideline value of Rs 13,400 per sq.ft is the only figure available for this street as of the 2024 revision.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value for Kilpauk Garden 2nd Lane is above this median.

• Kilpauk Garden 2nd Cross Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd Link Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 1st Cross 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 2nd Lane

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 at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, bringing the total fees to Rs 12,06,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kilpauk Garden 2nd Lane?

The Sub Registrar Office that covers Kilpauk Garden 2nd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value for Kilpauk Garden 2nd Lane?

The current guideline value for Kilpauk Garden 2nd Lane is Rs 13,400 per sq.ft, effective from 1 July 2024.

What revisions have been made to the guideline value for Kilpauk Garden 2nd Lane?

The guideline value register has no figures for Kilpauk Garden 2nd Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision, which is Rs 13,400 per sq.ft.

How does the guideline value compare to other streets in Purasaivakkam?

The guideline value for Kilpauk Garden 2nd Lane is above the median value of Rs 5,500 per sq.ft for the 519 streets in Purasaivakkam. Other streets in the area also have a guideline value of Rs 13,400 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Kilpauk Garden 2nd Lane?

For a 1,000 sq.ft plot, the guideline value is Rs 1,34,00,000. The stamp duty would be Rs 9,38,000 and the registration fee would be Rs 2,68,000, totaling Rs 12,06,000.

Where is the Sub Registrar Office for Kilpauk Garden 2nd Lane located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles the registration of properties in this area.