Guideline Value for Kilpauk Garden 2nd Cross Street

Kilpauk Garden 2nd Cross Street guideline value

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

How the guideline value of Kilpauk Garden 2nd Cross Street has changed

The guideline value for Kilpauk Garden 2nd Cross Street has seen significant changes over the years. In 2003, the value was Rs 1,131 per sq.ft, which increased to Rs 2,000 per sq.ft in 2007. This marked a substantial rise of 77%. Following this, the value surged dramatically to Rs 12,300 per sq.ft in 2012, reflecting an increase of 515%. However, it then dropped to Rs 8,241 per sq.ft in 2017, a decrease of 33%. By the 2023 revision, the value had risen again to Rs 12,300 per sq.ft, and most recently, it increased by 9% to reach the current value of Rs 13,400 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by an impressive 1085%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, which indicates that Kilpauk Garden 2nd Cross Street's 2024 figure is above that median.

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

Stamp duty and registration fee for property in Kilpauk Garden 2nd 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 at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, bringing the total to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilpauk Garden 2nd Cross Street?

The Sub Registrar Office that covers Kilpauk Garden 2nd Cross Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kilpauk Garden 2nd Cross Street?

The current guideline value of Kilpauk Garden 2nd Cross Street 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, increasing from Rs 1,131 per sq.ft in 2003 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1085%.

What is the land classification for Kilpauk Garden 2nd Cross Street?

The land classification for Kilpauk Garden 2nd Cross Street is Mixed Type - I.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft property, the total 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.

Which office handles registrations for this area?

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