Guideline Value for Kilpauk Garden 2nd street

Kilpauk Garden 2nd street guideline value

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

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

The guideline value for Kilpauk Garden 2nd street has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 12,300 per sq.ft in 2012, marking a substantial rise of 515%. However, this value dropped to Rs 8,241 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2023 set the guideline value at Rs 12,300 per sq.ft, which then increased to Rs 13,400 per sq.ft in 2024, reflecting a rise of 9%.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 570%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, placing Kilpauk Garden 2nd street above this median.

• Kilpauk Garden 3rd link cross street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd linkStreet: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 3rd street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd lane: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 4th street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd Cross Street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden 2nd 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, totaling 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 accurate calculations.

Which Sub Registrar Office covers Kilpauk Garden 2nd street?

The Kilpauk Garden 2nd street falls under the jurisdiction of the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued for tax purposes.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures transparency and fairness in property dealings.

Frequently asked questions

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

The current guideline value of Kilpauk Garden 2nd 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 increased from Rs 2,000 per sq.ft in 2007 to Rs 13,400 per sq.ft in 2024, marking an overall increase of 570%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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 Kilpauk Garden 2nd street?

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

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

Kilpauk Garden 2nd street is classified as Mixed Type - I, which indicates a diverse use of land in the area.