Guideline Value for Kilpauk Garden corporation Play Ground

Kilpauk Garden corporation Play Ground guideline value

The current guideline value for Kilpauk Garden corporation Play Ground is Rs 13,400 per sq.ft. This property is located in Egmore village under the Periamet SRO, classified as Mixed Type - I land.

How the guideline value of Kilpauk Garden corporation Play Ground has changed

The guideline value for this area has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 986 per sq.ft. This increased to Rs 2,000 per sq.ft in 2007, marking a substantial rise of 103%. In 2012, the value jumped to Rs 12,300 per sq.ft, reflecting a remarkable increase of 515%. However, in 2017, it decreased to Rs 8,241 per sq.ft, showing a decline of 33%. The value then rose again 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 from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1259%. The register does not contain a figure for the year 2002 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. The Kilpauk Garden corporation Play Ground's current value is above this median.

• Kilpauk Garden Central Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden East Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Canal (karai) Street: Rs 9,300 per sq.ft (2024)
• Kilpauk Garden Extension: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Inner circular road: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 4th street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden corporation Play Ground

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, together 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kilpauk Garden corporation Play Ground?

The Sub Registrar Office that covers Kilpauk Garden corporation Play Ground is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Egmore. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a value that reflects the current market conditions. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Kilpauk Garden corporation Play Ground?

The current guideline value of Kilpauk Garden corporation Play Ground 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, increasing from Rs 986 per sq.ft in 2003 to Rs 13,400 per sq.ft in 2024, which is an overall increase of 1259%.

What is the registration office for Kilpauk Garden corporation Play Ground?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, covers Kilpauk Garden corporation Play Ground.

How is stamp duty calculated for properties in Kilpauk Garden corporation Play Ground?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property, the stamp duty would be Rs 9,38,000 at the current guideline value.

What other streets have the same guideline value in Egmore?

Other streets in Egmore, such as Kilpauk Garden Central Street, Kilpauk Garden East Street, Kilpauk Garden Extension, Kilpauk Garden Inner Circular Road, and Kilpauk Garden 4th Street, also have a guideline value of Rs 13,400 per sq.ft in 2024.