Guideline Value for Kilpauk Garden Canal (karai) Street

Kilpauk Garden Canal (karai) Street guideline value

The current guideline value of Kilpauk Garden Canal (karai) Street is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Commercial Class I Type - I.

How the guideline value of Kilpauk Garden Canal (karai) Street has changed

Over the years, the guideline value for Kilpauk Garden Canal (karai) Street has seen several revisions. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 8,500 per sq.ft in 2012, marking a rise of 325%. However, from 2012 to 2017, the value decreased to Rs 5,695 per sq.ft, a drop of 33%. The value then surged to Rs 8,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 9,300 per sq.ft, a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register 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, placing Kilpauk Garden Canal (karai) Street above this median with its current value of Rs 9,300 per sq.ft.

• Kilpauk Garden Central Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 4th street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden corporation Play Ground: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden East Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 3rd street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Extension: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden Canal (karai) Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value amounts to Rs 93,00,000. The stamp duty at 7% would be Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000, totaling Rs 8,37,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilpauk Garden Canal (karai) Street?

The Sub Registrar Office that covers Kilpauk Garden Canal (karai) Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For further assistance, 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 registration in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value helps both parties understand the fair value of the property. It is crucial for buyers and sellers to be aware of the current guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Kilpauk Garden Canal (karai) Street?

The current guideline value of Kilpauk Garden Canal (karai) Street is Rs 9,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 2,000 per sq.ft in 2007, increasing to Rs 8,500 in 2012, then decreasing to Rs 5,695 in 2017, rising again to Rs 8,500 in 2023, and finally reaching Rs 9,300 in 2024.

What is the land classification for Kilpauk Garden Canal (karai) Street?

Kilpauk Garden Canal (karai) Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Kilpauk Garden Canal (karai) Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kilpauk Garden Canal (karai) Street?

The Sub Registrar Office for Kilpauk Garden Canal (karai) Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.