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Guideline Value

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Guideline Value for KALYANA MAISTRY GARDEN 15TH STREET

₹2700/sq.ft.

The guideline value for Kalyana Maistry Garden 15th Street in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kalyana Maistry Garden 15th Street

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Kalyana Maistry Garden 15th Street guideline value

The current guideline value for Kalyana Maistry Garden 15th 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 15th Street has changed

The guideline value for Kalyana Maistry Garden 15th Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 650 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in 2012, marking a 285% rise. However, in the subsequent revision in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The value then rose sharply to Rs 2,500 per sq.ft in 2023, and further increased to the current rate of Rs 2,700 per sq.ft in 2024, which is an 8% increase.

Between 2017 and 2023, there was a substantial increase of 49%. From 2007 to 2024, the overall increase in guideline value is 315%. The register does not provide figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 5,500 per sq.ft. The guideline value for Kalyana Maistry Garden 15th Street is below this median.

Stamp duty and registration fee for property in Kalyana Maistry Garden 15th 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 at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, resulting in a total of Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kalyana Maistry Garden 15th Street?

The Kalyana Maistry Garden 15th 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 further assistance.

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

The guideline value is a critical factor when registering property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the necessary fees. This ensures that the registration process is aligned with the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Kalyana Maistry Garden 15th Street?

The current guideline value of Kalyana Maistry Garden 15th 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, reflecting an overall increase of 315%.

What is the land classification for Kalyana Maistry Garden 15th Street?

Kalyana Maistry Garden 15th Street is classified as Residential Class V Type - III.

Where can I find the Purasaivakkam Sub Registrar Office?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.