Guideline Value for Kilpauk Garden Road

Kilpauk Garden Road guideline value

The current guideline value of Kilpauk Garden Road is Rs 15,000 per sq.ft, effective from 1 July 2024. This road is located in Aminjikarai village and falls under the AnnaNagar SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Kilpauk Garden Road has changed

The guideline value for Kilpauk Garden Road has seen significant changes over the years. In 2002, the guideline value was Rs 530 per sq.ft, which increased to Rs 2,250 per sq.ft in 2007, marking a substantial rise of 325%. The value then jumped to Rs 13,700 per sq.ft in 2012, reflecting a remarkable increase of 509%. However, it decreased to Rs 9,179 per sq.ft in 2017, a decline of 33%. The value continued to rise, reaching Rs 13,700 per sq.ft in 2023, and then increased by 9% to the current rate of Rs 15,000 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 2730%. It is important to note that there is no figure available for Kilpauk Garden Road in the 2003 revision.

Guideline values in Aminjikarai

Aminjikarai has 99 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Kilpauk Garden Road is above this median.

• Kanniamman Koil Street: Rs 6,600 per sq.ft (2024)
• Kanniah Chetty Street Ist Lane: Rs 4,400 per sq.ft (2024)
• Kanniah Chetty Street 3rd Lane: Rs 4,400 per sq.ft (2024)
• Kanniah Chetty Street 2nd Lane: Rs 4,400 per sq.ft (2024)
• Kanniah Chetty Street: Rs 5,500 per sq.ft (2024)
• K.V.N.Puram: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,000 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees Rs 13,50,000. It is important to note that the 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 Road?

The Kilpauk Garden Road is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Aminjikarai. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in establishing a fair price for the property, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Kilpauk Garden Road?

The current guideline value of Kilpauk Garden Road 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 530 per sq.ft in 2002 to Rs 15,000 per sq.ft in 2024, showing an overall increase of 2730% over this period.

What is the land classification for Kilpauk Garden Road?

Kilpauk Garden Road is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

Where can I find the Sub Registrar Office for Kilpauk Garden Road?

The Sub Registrar Office covering Kilpauk Garden Road is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office is part of the AnnaNagar registration zone.

How do stamp duty and registration fees work for properties in Kilpauk Garden Road?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft property at the current guideline value incurs a total fee of Rs 13,50,000.