Guideline Value for KALYANA MAISTRY GARDEN 11TH STREET

Kalyana Maistry Garden 11th Street guideline value

The current guideline value of Kalyana Maistry Garden 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class V Type - III.

How the guideline value of Kalyana Maistry Garden 11th Street has changed

The guideline value for Kalyana Maistry Garden 11th Street has experienced several revisions over the years. In the 2007 revision, the guideline value was Rs 650 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 285%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,700 per sq.ft in the 2024 revision, which is an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 315%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, which ranges from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, indicating that Kalyana Maistry Garden 11th Street's 2024 figure is below this median.

• Kalyana Maistry Garden 10th Street: Rs 2,200 per sq.ft (2024)
• Kalyana Maistry Garden 12th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden: Rs 2,200 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 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty is calculated at 7%, which equals Rs 1,89,000, and the registration fee is 2%, amounting to Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyana Maistry Garden 11th Street?

Kalyana Maistry Garden 11th 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 information.

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

The guideline value is a crucial factor in property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall costs involved in a property transaction. Accurate knowledge of these values ensures compliance with local regulations and helps avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Kalyana Maistry Garden 11th Street?

The current guideline value of Kalyana Maistry Garden 11th Street is Rs 2,700 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 2,700 per sq.ft in 2024, marking an overall increase of 315% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 27,00,000. The stamp duty is Rs 1,89,000, and the registration fee is Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Kalyana Maistry Garden 11th Street?

The Purasaivakkam Sub Registrar Office covers Kalyana Maistry Garden 11th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Kalyana Maistry Garden 11th Street?

Kalyana Maistry Garden 11th Street is classified as Residential Class V Type - III.