Guideline Value for Kilpauk Garden 3rd street

Kilpauk Garden 3rd street guideline value

The current guideline value of Kilpauk Garden 3rd 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 street has changed

The guideline value for Kilpauk Garden 3rd street has undergone several revisions over the years. The 2007 revision set the guideline value at Rs 2,000 per sq.ft. This figure saw a significant increase to Rs 12,300 per sq.ft in the 2012 revision, marking a rise of 515%. However, in the 2017 revision, the value decreased to Rs 8,241 per sq.ft, a drop of 33%. The 2023 revision brought the value back up to Rs 12,300 per sq.ft, followed by the latest 2024 revision, which set the value at Rs 13,400 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 570%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO carrying a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Kilpauk Garden 3rd street's 2024 guideline value is above this median.

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

Stamp duty and registration fee for property in Kilpauk Garden 3rd street

For a 1,000 sq.ft plot at the current rate of Rs 13,400 per sq.ft, the 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilpauk Garden 3rd street?

The Sub Registrar Office that covers Kilpauk Garden 3rd street is 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 in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. 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 3rd street?

The current guideline value of Kilpauk Garden 3rd 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 seen significant changes, from Rs 2,000 per sq.ft in 2007 to Rs 13,400 per sq.ft in 2024, marking an overall increase of 570% over the years.

What is the stamp duty rate for properties in Kilpauk Garden 3rd street?

The stamp duty rate for properties in Kilpauk Garden 3rd street is 7%, which is calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations in Kilpauk Garden 3rd street?

The Periamet Sub Registrar Office handles property registrations for Kilpauk Garden 3rd street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Kilpauk Garden 3rd street?

The land classification for Kilpauk Garden 3rd street is Mixed Type - I, which is relevant for understanding the usage and development potential of the property.