Guideline Value for Kilpauk Garden Park Street

Kilpauk Garden Park Street guideline value

The current guideline value of Kilpauk Garden Park Street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, and the land classification is Mixed Type - I.

How the guideline value of Kilpauk Garden Park Street has changed

The guideline value for Kilpauk Garden Park Street 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, marking a 10% rise. By 2007, the value surged to Rs 2,000 per sq.ft, reflecting a 103% increase. The 2012 revision saw a notable jump to Rs 12,300 per sq.ft, a 515% increase from 2007. However, in 2017, the value dropped to Rs 8,241 per sq.ft, representing a decline of 33%. The guideline 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.

Overall, from 2002 to 2024, the guideline value has increased by 1399%. There are no figures available for the years not listed in the register for this street.

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, with a median value of Rs 7,100 per sq.ft. Kilpauk Garden Park Street's current guideline value is above this median.

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

Stamp duty and registration fee for property in Kilpauk Garden Park Street

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 the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kilpauk Garden Park Street?

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

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

The guideline value is a crucial factor in property transactions in Egmore, as it determines the minimum price at which a property can be registered. When buying or selling a property, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements. The value reflects the prevailing market conditions and is regularly updated by the Registration Department.

Frequently asked questions

What is the current guideline value of Kilpauk Garden Park Street?

The current guideline value of Kilpauk Garden Park Street 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 from Rs 894 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1399% over this period.

What is the registration office for Kilpauk Garden Park Street?

The registration office for Kilpauk Garden Park Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

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

For a property valued at Rs 1,34,00,000, the stamp duty would be Rs 9,38,000 and the registration fee would be Rs 2,68,000, totaling Rs 12,06,000.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration price and the calculation of stamp duty and registration fees. It is essential for buyers and sellers to consider this value during property dealings.