Guideline Value for Kilpauk Garden East Street

Kilpauk Garden East Street guideline value

The current guideline value of Kilpauk Garden East 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 East Street has changed

The guideline value for Kilpauk Garden East Street has seen significant changes over the years. In 2002, the guideline value was Rs 894 per sq.ft, which increased to Rs 986 per sq.ft in 2003, marking a 10% rise. Following this, the value jumped to Rs 2,000 per sq.ft in 2007, reflecting a 103% increase. The next revision in 2012 saw a decline to Rs 12,300 per sq.ft, a decrease of 515%. In 2017, the value rose again to Rs 8,241 per sq.ft, an increase of 49% from the previous figure. The most recent revision in 2023 brought the value to Rs 12,300 per sq.ft, and now it stands at Rs 13,400 per sq.ft as of 2024, a 9% increase from the prior year.

Overall, from 2002 to 2024, the guideline value has increased by 1399%. There are no figures available for any other years for this street in the register.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that have 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 East Street's 2024 figure is above this median.

• Kilpauk Garden corporation Play Ground: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Extension: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Central Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Inner circular road: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Canal (karai) Street: Rs 9,300 per sq.ft (2024)
• Kilpauk Garden Link Road: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden East 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, while 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 higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kilpauk Garden East Street?

The Sub Registrar Office that covers Kilpauk Garden East 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 in the registration process of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

The current guideline value of Kilpauk Garden East 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 since 2002, starting at Rs 894 per sq.ft and increasing to Rs 13,400 per sq.ft in 2024, which is a total increase of 1399% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,34,00,000, the stamp duty would be Rs 9,38,000 and the registration fee would be Rs 2,68,000, totaling Rs 12,06,000.

Which office handles property registrations for Kilpauk Garden East Street?

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

What is the land classification for Kilpauk Garden East Street?

Kilpauk Garden East Street is classified as Mixed Type - I land according to the local land classification guidelines.