Guideline Value for KALYANA MAISTRY GARDEN 3RD STREET

Kalyana Maistry Garden 3rd Street guideline value

The current guideline value of Kalyana Maistry Garden 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Residential Class V Type - III.

How the guideline value of Kalyana Maistry Garden 3rd Street has changed

The guideline value for Kalyana Maistry Garden 3rd Street has seen several revisions over the years. In 2007, the value was set at Rs 650 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 1,675 per sq.ft. The next revision in 2023 raised it to Rs 2,500 per sq.ft, and the most recent revision in 2024 increased it further to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 315%. It is important to note that there are no figures 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 have a guideline value for 2024, 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 3rd Street is below this median.

• Kalyana Maistry Garden 1st Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 2nd Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 4th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 5th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 15th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyana Maistry Garden 3rd 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. It is important to 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 details.

Which Sub Registrar Office covers Kalyana Maistry Garden 3rd Street?

The Kalyana Maistry Garden 3rd 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 during property registration in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the authorities will assess the guideline value to ensure that the correct fees are collected. This value helps maintain transparency in property transactions and ensures that all parties are aware of the financial implications involved in the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Kalyana Maistry Garden 3rd Street?

The current guideline value of Kalyana Maistry Garden 3rd 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 properties in Kalyana Maistry Garden 3rd Street?

For a 1,000 sq.ft property, the total guideline value would be Rs 27,00,000, with a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Kalyana Maistry Garden 3rd Street?

The Purasaivakkam Sub Registrar Office covers Kalyana Maistry Garden 3rd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures transparency and helps both buyers and sellers understand the financial implications involved.