Guideline Value for Kilpauk Garden Link Road

Kilpauk Garden Link Road guideline value

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

How the guideline value of Kilpauk Garden Link Road has changed

The guideline value of Kilpauk Garden Link Road has seen significant changes over the years. In the 2002 revision, the value was Rs 894 per sq.ft, which increased to Rs 986 per sq.ft in 2003. Following this, the value rose to Rs 2,000 per sq.ft in 2007, marking a substantial increase of 103%. The next revision in 2012 saw a decrease to Rs 12,300 per sq.ft, a drop of 33%. However, this was followed by a remarkable increase to Rs 8,241 per sq.ft in 2017, representing a 49% rise from the previous figure. The 2023 revision set the value at Rs 12,300 per sq.ft, and the most recent 2024 revision has further increased it to Rs 13,400 per sq.ft, reflecting a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by a total of 1399%. There are no figures available for the 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. The guideline value for Kilpauk Garden Link Road is above this median.

• Kilpauk Garden Inner circular road: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Extension: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Mainroad: Rs 15,000 per sq.ft (2024)
• Kilpauk Garden East Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Mandapam Bifurcation: Rs 8,300 per sq.ft (2024)
• Kilpauk Garden corporation Play Ground: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden Link Road

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, while the registration fee at 2% would be Rs 2,68,000, bringing the total cost for these fees to Rs 12,06,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kilpauk Garden Link Road?

The Sub Registrar Office that covers Kilpauk Garden Link Road 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 a critical factor during property registration in Egmore. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Kilpauk Garden Link Road?

The current guideline value of Kilpauk Garden Link Road 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 increased from Rs 894 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, marking a total increase of 1399% over the years.

What is the land classification for Kilpauk Garden Link Road?

The land classification for Kilpauk Garden Link Road is Mixed Type - I.

Where is the Periamet Sub Registrar Office located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value would incur a total fee of Rs 12,06,000.