Guideline Value for Kilpauk Highroad

Kilpauk Highroad guideline value

The current guideline value of Kilpauk Highroad is Rs 13,500 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Commercial Special Type - III.

How the guideline value of Kilpauk Highroad has changed

The guideline value for Kilpauk Highroad has seen significant changes over the years. In 2002, the value was Rs 1,507 per sq.ft, which increased to Rs 1,662 per sq.ft in 2003, marking a 10% rise. The value continued to climb, reaching Rs 5,000 per sq.ft in 2007, a substantial increase of 201%. The 2012 revision recorded a decrease to Rs 12,300 per sq.ft, a drop of 33% from the previous value. However, this was followed by a sharp rise to Rs 8,241 per sq.ft in 2017, which represented a 49% increase. The value further increased to Rs 12,300 per sq.ft in 2023 and finally reached the current value of Rs 13,500 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 796%. Notably, there are no figures available for the revisions in years other than those mentioned.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Kilpauk Highroad's 2024 figure above that median.

• Kilpauk Garden street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden road 1st street: Rs 13,400 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 Highroad

For a 1,000 sq.ft plot at the current rate of Rs 13,500 per sq.ft, the guideline value amounts to Rs 1,35,00,000. The stamp duty at 7% would be Rs 9,45,000, and the registration fee at 2% would be Rs 2,70,000, totaling Rs 12,15,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kilpauk Highroad?

The Sub Registrar Office that covers Kilpauk Highroad 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 is a crucial factor during property registration in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a transaction.

When purchasing property, the buyer must ensure that the sale price is not lower than the guideline value, as the duty is charged on the higher of the two. This ensures that the registration process adheres to the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kilpauk Highroad?

The current guideline value of Kilpauk Highroad is Rs 13,500 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 1,507 per sq.ft in 2002 to Rs 13,500 per sq.ft in 2024, marking an overall increase of 796% over the years.

What is the stamp duty for property in Kilpauk Highroad?

The stamp duty for property in Kilpauk Highroad is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 9,45,000.

Where is the Sub Registrar Office for Kilpauk Highroad located?

The Sub Registrar Office covering Kilpauk Highroad is located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value in Egmore?

The median guideline value for streets in Egmore under the Periamet SRO is Rs 7,100 per sq.ft, with Kilpauk Highroad's value being above this median.