Guideline Value for Kilpauk Garden Central Street

Kilpauk Garden Central Street guideline value

The current guideline value of Kilpauk Garden Central 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 is classified as Mixed Type - I land.

How the guideline value of Kilpauk Garden Central Street has changed

The guideline value for Kilpauk Garden Central Street has undergone several revisions over the years. In 2002, the guideline value was Rs 1,107 per sq.ft, which increased to Rs 1,221 per sq.ft in 2003. Following this, there was a significant rise to Rs 2,000 per sq.ft in 2007. The value then saw a remarkable increase to Rs 12,300 per sq.ft in 2012, followed by a decrease to Rs 8,241 per sq.ft in 2017. The value increased again to Rs 12,300 per sq.ft in 2023, and finally reached Rs 13,400 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The most notable change occurred from 2007 to 2012, where the value increased by 515%. Overall, from 2002 to 2024, the guideline value has increased by 1110%. There are no figures available for revisions in years other than those listed.

Guideline values in Egmore

In Egmore village, 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. Kilpauk Garden Central Street's 2024 guideline value is above this median.

• Kilpauk Garden Canal (karai) Street: Rs 9,300 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 4th street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Extension: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Inner circular road: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden Central 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 more details.

Which Sub Registrar Office covers Kilpauk Garden Central Street?

The Sub Registrar Office covering Kilpauk Garden Central 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 when registering property transactions in Egmore. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately in the official registry. This helps maintain transparency and legality in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kilpauk Garden Central Street?

The current guideline value of Kilpauk Garden Central 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 from Rs 1,107 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1110% over this period.

What is the registration office for Kilpauk Garden Central Street?

The registration office for Kilpauk Garden Central Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Kilpauk Garden Central Street?

Stamp duty for properties in Kilpauk Garden Central Street is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 9,38,000 based on the current guideline value.

What are the other streets in Egmore with guideline values?

Other streets in Egmore under the Periamet SRO include Kilpauk Garden Canal (karai) Street at Rs 9,300 per sq.ft, and several streets with a guideline value of Rs 13,400 per sq.ft, such as Kilpauk Garden corporation Play Ground, Kilpauk Garden East Street, Kilpauk Garden 4th street, Kilpauk Garden Extension, and Kilpauk Garden Inner circular road.