Guideline Value for KALYANA MAISTRY GARDEN 10TH STREET

Kalyana Maistry Garden 10th Street guideline value

The current guideline value for Kalyana Maistry Garden 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class V Type - II.

How the guideline value of Kalyana Maistry Garden 10th Street has changed

The guideline value for Kalyana Maistry Garden 10th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 650 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 208% rise. However, the value decreased to Rs 1,340 per sq.ft in 2017, representing a 33% drop. The 2023 revision set the value at Rs 2,000 per sq.ft, which was then revised to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back up to Rs 2,000 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 238%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value for Kalyana Maistry Garden 10th Street is below this median.

• Kalyana Maistry Garden: Rs 2,200 per sq.ft (2024)
• Kalyana Maistry Garden 11th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 12th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 13th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 14th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 15th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyana Maistry Garden 10th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is essential to note that 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 information.

Which Sub Registrar Office covers Kalyana Maistry Garden 10th Street?

Kalyana Maistry Garden 10th Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these charges are based on a standardized value set by the government.

When a property is sold, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the appropriate fees required for the registration of the property, making it an essential aspect of real estate transactions in the area.

Frequently asked questions

What is the current guideline value for Kalyana Maistry Garden 10th Street?

The current guideline value for Kalyana Maistry Garden 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 238% over the years.

What is the land classification for Kalyana Maistry Garden 10th Street?

The land classification for Kalyana Maistry Garden 10th Street is Residential Class V Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Kalyana Maistry Garden 10th Street?

The Purasaivakkam Sub Registrar Office handles the registration for Kalyana Maistry Garden 10th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.