Guideline Value for KALYANA MAISTRY GARDEN 12TH STREET

Kalyana Maistry Garden 12th Street guideline value

The current guideline value of Kalyana Maistry Garden 12th 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 12th Street has changed

Over the years, the guideline value for Kalyana Maistry Garden 12th Street has seen significant changes. In the 2007 revision, the value was Rs 650 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a 285% rise. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then increased again to Rs 2,500 per sq.ft in 2023, showing a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from 2023.

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

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging 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, placing Kalyana Maistry Garden 12th Street's 2024 figure below that median.

• Kalyana Maistry Garden 11th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 13th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 10th Street: Rs 2,200 per sq.ft (2024)
• Kalyana Maistry Garden 14th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden: Rs 2,200 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 12th Street

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyana Maistry Garden 12th Street?

The Kalyana Maistry Garden 12th 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 when registering property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it directly influences the costs involved in the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Kalyana Maistry Garden 12th Street?

The current guideline value of Kalyana Maistry Garden 12th 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 significantly from Rs 650 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, with various increases and a decrease in between.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, which is higher than the current value of Kalyana Maistry Garden 12th Street.

What are the stamp duty and registration fees for property in Kalyana Maistry Garden 12th Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,43,000.

Which office is responsible for the registration of properties in Kalyana Maistry Garden 12th Street?

The Purasaivakkam Sub Registrar Office is responsible for the registration of properties in Kalyana Maistry Garden 12th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.