Guideline Value for Kilpauk Garden Extension

Kilpauk Garden Extension guideline value

The current guideline value of Kilpauk Garden Extension is Rs 13,400 per sq.ft, effective from 1 July 2024. This area falls under Egmore village and is governed by the Periamet SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Kilpauk Garden Extension has changed

The guideline value for Kilpauk Garden Extension has undergone several revisions over the years. In 2002, the guideline value was Rs 1,213 per sq.ft. This increased to Rs 1,337 per sq.ft in 2003, reflecting a 10% rise. The value saw a significant jump to Rs 2,000 per sq.ft in 2007, marking a 50% increase. The 2012 revision brought the value back to Rs 12,300 per sq.ft, which was a remarkable 515% increase from the previous figure. However, in 2017, it dropped to Rs 8,241 per sq.ft, a decrease of 33% from the 2012 revision. The value then rose to Rs 12,300 per sq.ft in 2023 before reaching the current figure of Rs 13,400 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1005%. There are no figures for the revisions of years that are not listed in the register for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with 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, positioning Kilpauk Garden Extension's 2024 figure above that median.

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

Stamp duty and registration fee for property in Kilpauk Garden Extension

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, bringing the total to Rs 12,06,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilpauk Garden Extension?

The Sub Registrar Office that covers Kilpauk Garden Extension is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Egmore

The guideline value plays a crucial role during the registration of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Kilpauk Garden Extension?

The current guideline value of Kilpauk Garden Extension 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, increasing from Rs 1,213 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, which is a total increase of 1005% over the years.

What is the registration office for Kilpauk Garden Extension?

The registration office for Kilpauk Garden Extension 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 Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 9,38,000.

What are the guideline values of other streets in Egmore?

Other streets in Egmore have varying guideline values, with figures ranging from Rs 2,800 to Rs 22,000 per sq.ft. Kilpauk Garden Extension's value of Rs 13,400 per sq.ft is above the median value of Rs 7,100 per sq.ft for the area.