Guideline Value for KALYANA MAISTRY GARDEN 4TH STREET

Kalyana Maistry Garden 4th Street guideline value

The current guideline value of Kalyana Maistry Garden 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Kalyana Maistry Garden 4th Street has changed

In the 2007 revision, the guideline value was Rs 650 per sq.ft. This increased significantly in the 2012 revision to Rs 2,500 per sq.ft, marking a rise of 285%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, which represented a decline of 33%. The 2023 revision saw a substantial increase to Rs 2,500 per sq.ft, followed by another increase in the 2024 revision to the current value of Rs 2,700 per sq.ft, reflecting an 8% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, 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 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 for these streets is Rs 5,500 per sq.ft, placing Kalyana Maistry Garden 4th Street's 2024 figure below that 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 3rd 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 6th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyana Maistry Garden 4th 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, leading to a total of 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyana Maistry Garden 4th Street?

The Kalyana Maistry Garden 4th 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 critical 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 transparency in the transaction process.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. Buyers should be aware of these costs to budget accordingly.

Frequently asked questions

What is the current guideline value of Kalyana Maistry Garden 4th Street?

The current guideline value of Kalyana Maistry Garden 4th 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 seen various changes, starting 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles the registration for Kalyana Maistry Garden 4th Street?

The Purasaivakkam Sub Registrar Office handles the registration for Kalyana Maistry Garden 4th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the significance of the guideline value when buying property?

The guideline value is essential for calculating the stamp duty and registration fees when purchasing property. It ensures that property transactions are conducted transparently and fairly.