Guideline Value for KALYANA MAISTRY GARDEN 14TH STREET

Kalyana Maistry Garden 14th Street guideline value

The current guideline value for Kalyana Maistry Garden 14th Street is Rs 2,700 per sq.ft. This street is located in Purasaivakkam village, under the Purasaivakkam SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Kalyana Maistry Garden 14th Street has changed

The guideline value for Kalyana Maistry Garden 14th Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 650 per sq.ft. It increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 285%. However, in the 2017 revision, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The value then rose sharply to Rs 2,500 per sq.ft in 2023, followed by another increase to Rs 2,700 per sq.ft in the 2024 revision, reflecting an 8% change from the previous year.

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

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing Kalyana Maistry Garden 14th Street's 2024 figure below that median.

• Kalyana Maistry Garden 13th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 15th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 12th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 1st Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 11th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyana Maistry Garden 14th 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, totaling Rs 2,43,000. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers Kalyana Maistry Garden 14th Street?

The Kalyana Maistry Garden 14th Street is covered by 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 an important factor during the registration of property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kalyana Maistry Garden 14th Street?

The current guideline value of Kalyana Maistry Garden 14th Street is Rs 2,700 per sq.ft as per the 2024 revision.

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, reflecting an overall increase of 315% over the years.

What is the stamp duty rate for properties in Kalyana Maistry Garden 14th Street?

The stamp duty rate for properties in Kalyana Maistry Garden 14th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How many streets in Purasaivakkam have a guideline value?

There are 519 streets in Purasaivakkam that carry a guideline value as per the 2024 revision.