Guideline Value for Kilpauk Garden 2nd lane

Kilpauk Garden 2nd lane guideline value

The current guideline value of Kilpauk Garden 2nd lane is Rs 13,400 per sq.ft. 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 lane has changed

The guideline value for Kilpauk Garden 2nd lane has seen several revisions over the years. In 2002, the guideline value was Rs 827 per sq.ft, which increased to Rs 912 per sq.ft in 2003. Following this, there was a significant rise to Rs 2,000 per sq.ft in 2007, and the value further increased to Rs 12,300 per sq.ft in 2012. However, there was a decline to Rs 8,241 per sq.ft in 2017. The value then rose to Rs 12,300 per sq.ft in 2023, and currently stands at Rs 13,400 per sq.ft as of the 2024 revision.

Between the revisions, the changes are notable. From 2002 to 2024, the overall increase is +1520%. The value rose by +10% from 2002 to 2003, followed by an increase of +119% from 2003 to 2007. There was a remarkable increase of +515% from 2007 to 2012. However, the value decreased by -33% from 2012 to 2017, and then increased by +49% from 2017 to 2023, culminating in a +9% rise from 2023 to 2024.

Guideline values in Egmore

In Egmore, 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, placing Kilpauk Garden 2nd lane's 2024 figure above this median.

• Kilpauk Garden 2nd Cross Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd linkStreet: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 1st Cross Street: 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 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 to Rs 12,06,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilpauk Garden 2nd lane?

The Sub Registrar Office that covers Kilpauk Garden 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO here.

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

The guideline value is a critical factor in the registration process for property transactions in Egmore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps to establish a fair amount for taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

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

The current guideline value of Kilpauk Garden 2nd lane is Rs 13,400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 827 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of +1520% over this period.

What is the land classification for Kilpauk Garden 2nd lane?

The land classification for Kilpauk Garden 2nd lane is Mixed Type - I, indicating a blend of residential and commercial use.

Where can I find the Periamet Sub Registrar Office?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003. This office handles registrations for properties in the Kilpauk Garden area.

How is stamp duty calculated for properties in Kilpauk Garden 2nd lane?

Stamp duty for properties in Kilpauk Garden 2nd lane is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the same basis.