Guideline Value for Kilpauk Garden road 1st street

Kilpauk Garden road 1st street guideline value

The current guideline value of Kilpauk Garden road 1st 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 is classified as Mixed Type - I land.

How the guideline value of Kilpauk Garden road 1st street has changed

The guideline value for Kilpauk Garden road 1st street has undergone several revisions over the years. In 2003, the value was Rs 1,654 per sq.ft, which increased to Rs 2,000 per sq.ft in 2007. Following this, the value saw a significant rise to Rs 12,300 per sq.ft in 2012, but then dropped to Rs 8,241 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 12,300 per sq.ft, and the most recent revision in 2024 set it at Rs 13,400 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 710%. Notably, there is no figure available for the year 2002 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. The guideline value for Kilpauk Garden road 1st street is above this median.

• Kilpauk Garden RingStreet: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Park Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden Outer circularroad: Rs 13,400 per sq.ft (2024)
• Kilpauk Highroad: Rs 13,500 per sq.ft (2024)
• Kilpauk Garden Mandapam Bifurcation: Rs 8,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden road 1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty, charged at 7%, would amount to Rs 9,38,000, while the registration fee at 2% would be Rs 2,68,000. Together, these costs would total Rs 12,06,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kilpauk Garden road 1st street?

The Kilpauk Garden road 1st street falls under 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 plays a crucial role during property transactions in Egmore. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware that the guideline value is the basis for calculating these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kilpauk Garden road 1st street?

The current guideline value of Kilpauk Garden road 1st 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 1,654 per sq.ft in 2003 to Rs 13,400 per sq.ft in 2024, marking an overall increase of 710% over this period.

What is the stamp duty rate for properties in Kilpauk Garden road 1st street?

The stamp duty rate for properties in Kilpauk Garden road 1st street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kilpauk Garden road 1st street?

The Sub Registrar Office covering Kilpauk Garden road 1st street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Kilpauk Garden road 1st street?

Kilpauk Garden road 1st street is classified as Mixed Type - I land, which indicates its varied usage potential.