Guideline Value for Kilpauk Garden Mainroad

Kilpauk Garden Mainroad guideline value

The current guideline value of Kilpauk Garden Mainroad is Rs 15,000 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class I Type - I.

How the guideline value of Kilpauk Garden Mainroad has changed

The guideline value for Kilpauk Garden Mainroad has seen significant changes over the years. In 2002, the guideline value was Rs 1,637 per sq.ft. This increased to Rs 2,059 per sq.ft in 2003, marking a change of +26%. The value continued to rise sharply, reaching Rs 6,580 per sq.ft in 2007, which represented a remarkable increase of +220%. Following that, in 2012, the value was Rs 13,700 per sq.ft, showing an increase of +108% from the previous revision.

The 2017 revision recorded a guideline value of Rs 9,179 per sq.ft, which was a decrease of -33% from 2012. However, the value rebounded significantly in the 2023 revision, reaching Rs 13,700 per sq.ft, reflecting an increase of +49%. The most recent revision in 2024 set the guideline value at Rs 15,000 per sq.ft, marking a +9% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by +816%.

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 guideline value for these streets is Rs 7,100 per sq.ft, placing Kilpauk Garden Mainroad above this median.

• Kilpauk Garden Mandapam Bifurcation: Rs 8,300 per sq.ft (2024)
• Kilpauk Garden Link Road: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Outer circularroad: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Inner circular road: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Park 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 Mainroad

For a 1,000 sq.ft plot at the current guideline value of Rs 15,000 per sq.ft, the total guideline value is Rs 1,50,00,000. The stamp duty at 7% would be Rs 10,50,000, and the registration fee at 2% would be Rs 3,00,000, totaling Rs 13,50,000. It is important to note that 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 Mainroad?

The Sub Registrar Office that covers Kilpauk Garden Mainroad is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Egmore, the guideline value is a crucial factor during the registration process. It determines the stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded in accordance with the prevailing rates.

The guideline value serves as a benchmark for property transactions, and it is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process. It is advisable to consult the latest guideline values before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Kilpauk Garden Mainroad?

The current guideline value of Kilpauk Garden Mainroad is Rs 15,000 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 1,637 per sq.ft in 2002 to Rs 15,000 per sq.ft in 2024, reflecting an overall increase of +816%.

What is the median guideline value for streets in Egmore?

The median guideline value for the 465 streets in Egmore under the Periamet SRO is Rs 7,100 per sq.ft, with Kilpauk Garden Mainroad above this median.

What are the stamp duty and registration fees for property in Kilpauk Garden Mainroad?

For a property valued at Rs 1,50,00,000, the stamp duty would be Rs 10,50,000 and the registration fee would be Rs 3,00,000, totaling Rs 13,50,000.

Which office handles registrations for Kilpauk Garden Mainroad?

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