Guideline Value for Kilpauk Garden Outer circularroad

Kilpauk Garden Outer circularroad guideline value

The current guideline value of Kilpauk Garden Outer circularroad is Rs 13,400 per sq.ft, effective from 1 July 2024. This street 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 Outer circularroad has changed

The guideline value for Kilpauk Garden Outer circularroad has seen significant changes over the years. The earliest recorded figure is from 2002, where the value was Rs 1,166 per sq.ft. This increased to Rs 1,286 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 2,000 per sq.ft, reflecting a 56% increase. The 2012 revision saw a substantial jump to Rs 12,300 per sq.ft, which was a remarkable 515% increase from the previous figure. However, in 2017, the value dropped to Rs 8,241 per sq.ft, indicating a decrease of 33%.

In the subsequent years, the guideline value continued to rise. The 2023 revision set the value at Rs 12,300 per sq.ft, and the most recent 2024 revision has increased it to Rs 13,400 per sq.ft, which is a 9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1049%.

Guideline values in Egmore

In Egmore, 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 value for these streets is Rs 7,100 per sq.ft, placing Kilpauk Garden Outer circularroad's 2024 figure above this median.

• Kilpauk Garden Mandapam Bifurcation: Rs 8,300 per sq.ft (2024)
• Kilpauk Garden Park Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Mainroad: Rs 15,000 per sq.ft (2024)
• Kilpauk Garden RingStreet: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Link Road: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden road 1st street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden Outer circularroad

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. Together, the total cost for stamp duty and registration fee would be 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.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kilpauk Garden Outer circularroad?

The Kilpauk Garden Outer circularroad is covered by 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 crucial factor during the registration of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction.

When buying or selling property, it is essential to be aware of the guideline value as it affects 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 Outer circularroad?

The current guideline value of Kilpauk Garden Outer circularroad 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 significantly from Rs 1,166 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1049% over the years.

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

For a property valued at the current guideline value, the stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 12,06,000.

Which Sub Registrar Office handles registrations for Kilpauk Garden Outer circularroad?

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

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 Outer circularroad's value being above this median.