Guideline Value for Kilpauk Garden Mandapam Bifurcation

Kilpauk Garden Mandapam Bifurcation guideline value

The current guideline value for Kilpauk Garden Mandapam Bifurcation is Rs 8,300 per sq.ft, effective from 1 July 2024. This area is located in Egmore village and falls under the Periamet SRO. The land classification for this property is Residential Class I Type - III.

How the guideline value of Kilpauk Garden Mandapam Bifurcation has changed

The guideline value for Kilpauk Garden Mandapam Bifurcation has seen significant changes over the years. In 2002, the value was Rs 894 per sq.ft, which increased to Rs 986 per sq.ft in 2003. The following revisions showed a marked increase, with the value reaching Rs 2,000 per sq.ft in 2007. However, it then dropped to Rs 7,600 per sq.ft in 2012, before rising again to Rs 5,092 per sq.ft in 2017. The value further increased to Rs 7,600 per sq.ft in 2023, and finally, the current guideline value is Rs 8,300 per sq.ft as of the 2024 revision.

The changes between the revisions indicate a substantial overall increase of 828% from 2002 to 2024. Notably, the increase from 2023 to 2024 was 9%, while from 2017 to 2023, it was 49%. The highest jump was observed from 2007 to 2012, with an increase of 280%.

Guideline values in Egmore

In the 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. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Kilpauk Garden Mandapam Bifurcation above this median.

• Kilpauk Garden Mainroad: Rs 15,000 per sq.ft (2024)
• Kilpauk Garden Outer circularroad: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Park Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Link Road: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden RingStreet: 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 Mandapam Bifurcation

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total cost together to Rs 7,47,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilpauk Garden Mandapam Bifurcation?

The Sub Registrar Office that covers Kilpauk Garden Mandapam Bifurcation is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value is a critical factor when registering property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is sold, the guideline value is used to assess the applicable duties, ensuring that the transaction is recorded accurately. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Kilpauk Garden Mandapam Bifurcation?

The current guideline value for Kilpauk Garden Mandapam Bifurcation is Rs 8,300 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 894 per sq.ft in 2002 to Rs 8,300 per sq.ft in 2024, reflecting an overall increase of 828% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would amount to Rs 7,47,000.

Which office handles registrations for Kilpauk Garden Mandapam Bifurcation?

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

What is the median guideline value for streets in Egmore?

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