Guideline Value for Kilpauk Garden 2nd linkStreet

Kilpauk Garden 2nd linkStreet guideline value

The current guideline value for Kilpauk Garden 2nd linkStreet is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Mixed Type - I land.

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

The guideline value for Kilpauk Garden 2nd linkStreet has seen significant changes over the years. In 2002, the guideline value was Rs 894 per sq.ft, which increased to Rs 986 per sq.ft in 2003. The value then rose by 103% to Rs 2,000 per sq.ft in 2007. Following this, there was a substantial increase of 515%, bringing the value to Rs 12,300 per sq.ft in 2012. However, this value decreased by 33% to Rs 8,241 per sq.ft in 2017. The guideline value then rose by 49% to Rs 12,300 per sq.ft in 2023, before reaching the current figure of Rs 13,400 per sq.ft in 2024, which is a 9% increase from the previous year.

There are no figures available for revisions in the years not listed. The overall change from 2002 to 2024 reflects an increase of 1399% in the guideline value.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, and Kilpauk Garden 2nd linkStreet's 2024 figure is above this median.

• Kilpauk Garden 2nd lane: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 3rd link cross street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd Cross Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 3rd street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 1st Cross Street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden 2nd linkStreet

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, resulting in a total of 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 details.

Which Sub Registrar Office covers Kilpauk Garden 2nd linkStreet?

The Sub Registrar Office that covers Kilpauk Garden 2nd linkStreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers should be aware of these values to ensure they are prepared for the financial obligations involved in the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 894 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1399% over this period.

What are the stamp duty and registration fees for properties in Kilpauk Garden 2nd linkStreet?

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

Which office handles registrations for Kilpauk Garden 2nd linkStreet?

The Periamet Sub Registrar Office handles registrations for Kilpauk Garden 2nd linkStreet, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the guideline value determined for properties in Egmore?

The guideline value is determined based on various factors and is set by the government to establish a minimum value for property registration in Egmore, ensuring fair revenue collection from property transactions.