Guideline Value for Kilpauk Garden RingStreet

Kilpauk Garden RingStreet guideline value

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

How the guideline value of Kilpauk Garden RingStreet has changed

The guideline value for Kilpauk Garden RingStreet has seen significant changes over the years. In the 2002 revision, the value was Rs 894 per sq.ft. This increased to Rs 986 per sq.ft in 2003, marking a 10% rise. The value continued to grow, reaching Rs 2,000 per sq.ft in 2007, which was a 103% increase from the previous revision. The 2012 revision saw a decrease to Rs 12,300 per sq.ft, down by 515% from 2007. However, the value rebounded to Rs 8,241 per sq.ft in 2017, reflecting a 49% increase from 2012. The 2023 revision set the value at Rs 12,300 per sq.ft, and the latest revision in 2024 raised it to Rs 13,400 per sq.ft, an increase of 9%.

Overall, from 2002 to 2024, the guideline value has increased by 1399%. There are no figures available for the years not mentioned 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 RingStreet's 2024 figure is above this median.

• Kilpauk Garden Park Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Outer circularroad: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden road 1st street: 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 street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden RingStreet

For a 1,000 sq.ft plot at the current rate of Rs 13,400 per sq.ft, the 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, totaling Rs 12,06,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Kilpauk Garden RingStreet?

The Sub Registrar Office that covers Kilpauk Garden RingStreet 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 during property registration in Egmore. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It helps in calculating the stamp duty and registration fees, which are essential components of the property transaction process.

Frequently asked questions

What is the current guideline value of Kilpauk Garden RingStreet?

The current guideline value of Kilpauk Garden RingStreet 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 an overall increase of 1399% over this period.

What are the stamp duty and registration fees for properties in Kilpauk Garden RingStreet?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 12,06,000, based on the current guideline value.

Which Sub Registrar Office handles registrations for Kilpauk Garden RingStreet?

The Periamet Sub Registrar Office at 1103, Poonamallee High Road, Chennai-600 003, is responsible for registrations in Kilpauk Garden RingStreet.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that the property is registered at a minimum value set by the government.