Guideline Value for Kilpauk Garden 4th street

Kilpauk Garden 4th street guideline value

The current guideline value of Kilpauk Garden 4th street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, and the land classification is Mixed Type - I.

How the guideline value of Kilpauk Garden 4th street has changed

The guideline value for Kilpauk Garden 4th street has seen significant changes over the years. In the 2007 revision, the value was Rs 2,000 per sq.ft, which increased dramatically to Rs 12,300 per sq.ft in 2012, marking a 515% increase. However, from 2012 to 2017, the value decreased to Rs 8,241 per sq.ft, resulting in a 33% drop. The value then rose to Rs 12,300 per sq.ft in 2023, a 49% increase from the previous revision. The current value of Rs 13,400 per sq.ft in 2024 reflects a 9% increase from 2023.

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 Kilpauk Garden 4th street in the 2002 and 2003 revisions.

Guideline values in Egmore

In the village of 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, with a median value of Rs 7,100 per sq.ft. The guideline value of Kilpauk Garden 4th street is above this median.

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

Stamp duty and registration fee for property in Kilpauk Garden 4th 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 charges Rs 12,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilpauk Garden 4th street?

The Sub Registrar Office that covers Kilpauk Garden 4th 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 is an essential factor used during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a property transaction, the guideline value is referred to ensure that the correct fees are calculated. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kilpauk Garden 4th street?

The current guideline value of Kilpauk Garden 4th street is Rs 13,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2007 to Rs 13,400 per sq.ft in 2024, representing an overall increase of 570%.

What is the role of the Periamet SRO?

The Periamet SRO is responsible for the registration of property transactions in the area, including determining the applicable guideline values for various streets, including Kilpauk Garden 4th street.

What are the stamp duty rates for properties in Kilpauk Garden 4th street?

The stamp duty for properties in Kilpauk Garden 4th street is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

How can I find the Sub Registrar Office for Kilpauk Garden 4th street?

The Sub Registrar Office covering Kilpauk Garden 4th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can also find your SRO online for more details.