Guideline Value for Kilpauk Garden street

Kilpauk Garden street guideline value

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

How the guideline value of Kilpauk Garden street has changed

The guideline value for Kilpauk Garden street has seen significant changes over the years. In the 2002 revision, the guideline value was Rs 1,026 per sq.ft, which increased to Rs 1,131 per sq.ft in 2003, marking a 10% rise. Following this, the value rose by 77% to Rs 2,000 per sq.ft in 2007. The 2012 revision saw a substantial increase of 515%, bringing the value to Rs 12,300 per sq.ft. However, it dropped by 33% in 2017 to Rs 8,241 per sq.ft. The 2023 revision recorded a value of Rs 12,300 per sq.ft, and the most recent revision in 2024 shows an increase of 9%, setting the current guideline value at Rs 13,400 per sq.ft.

Overall, from 2002 to 2024, the guideline value has increased by 1206%. The register has no figures for the years not mentioned in this overview.

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 the median being Rs 7,100 per sq.ft. Kilpauk Garden street's 2024 figure is above this median.

• Kilpauk Garden road 1st street: Rs 13,400 per sq.ft (2024)
• Kilpauk Highroad: Rs 13,500 per sq.ft (2024)
• Kilpauk Garden RingStreet: 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 Garden Mandapam Bifurcation: Rs 8,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kilpauk Garden street

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. 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 street?

The Sub Registrar Office that covers Kilpauk Garden street 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 during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the correct fees are applied. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kilpauk Garden street?

The current guideline value of Kilpauk Garden 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 1,026 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1206% over this period.

What are the stamp duty and registration fees for property in Kilpauk Garden street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 12,06,000.

Which office handles property registrations in Kilpauk Garden street?

The Periamet Sub Registrar Office handles property registrations for Kilpauk Garden street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It ensures that the correct fees are applied based on the established value of the property.