Guideline Value for Kilpauk Garden 3rd link cross street

Kilpauk Garden 3rd link cross street guideline value

The current guideline value of Kilpauk Garden 3rd link cross street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, with a land classification of Mixed Type - I.

How the guideline value of Kilpauk Garden 3rd link cross street has changed

The guideline value for Kilpauk Garden 3rd link cross street has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 986 per sq.ft. It increased to Rs 2,000 per sq.ft in 2007, marking a substantial rise of 103%. Following that, the value surged dramatically to Rs 12,300 per sq.ft in 2012, a remarkable increase of 515%. However, it then dropped to Rs 8,241 per sq.ft in 2017, representing a decrease of 33%. The guideline value rose again to Rs 12,300 per sq.ft in 2023, and finally, it reached the current value of Rs 13,400 per sq.ft in 2024, reflecting a 9% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1259%. The register has no figure for the year 2002 for this street.

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, and Kilpauk Garden 3rd link cross street's 2024 figure is above that median.

• Kilpauk Garden 2nd street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 3rd street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd linkStreet: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 4th street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd lane: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Canal (karai) Street: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden 3rd link 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 would be Rs 1,34,00,000. The stamp duty at 7% would amount to Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, making the total cost for these fees Rs 12,06,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilpauk Garden 3rd link cross street?

The Sub Registrar Office that covers Kilpauk Garden 3rd link cross street 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 is an essential factor during property transactions in Egmore, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is lower than the guideline value, the higher value is used to calculate the stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kilpauk Garden 3rd link cross street?

The current guideline value of Kilpauk Garden 3rd link 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, starting from Rs 986 per sq.ft in 2003 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1259% over this period.

What is the land classification of Kilpauk Garden 3rd link cross street?

The land classification for Kilpauk Garden 3rd link cross street is Mixed Type - I, indicating a diverse usage of land in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Kilpauk Garden 3rd link cross street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,34,00,000 would incur a stamp duty of Rs 9,38,000 at 7%.