Guideline Value for KALYANA MAISTRY GARDEN 7TH STREET

Kalyana Maistry Garden 7th Street guideline value

The current guideline value of Kalyana Maistry Garden 7th 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 7th Street has changed

The guideline value for Kalyana Maistry Garden 7th Street has seen several revisions over the years. In 2007, the guideline value was set at Rs 650 per sq.ft. This figure increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 285%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, which was a 49% increase from the previous revision. Currently, as of 2024, the guideline value stands at Rs 2,700 per sq.ft, reflecting an 8% increase from 2023.

The register has no figures for the revisions in 2002 and 2003. 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 7th Street's 2024 figure below that median.

• Kalyana Maistry Garden 6th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 8th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 5th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 9th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 4th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyana Maistry Garden 7th 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, while 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 duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyana Maistry Garden 7th Street?

The Sub Registrar Office that covers Kalyana Maistry Garden 7th Street is 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 component during the registration process of property transactions 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 guideline value will be assessed alongside the sale price. The higher of the two values will be used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Kalyana Maistry Garden 7th Street?

The current guideline value of Kalyana Maistry Garden 7th 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, starting from Rs 650 per sq.ft in 2007, rising to Rs 2,500 per sq.ft in 2012, then decreasing to Rs 1,675 per sq.ft in 2017, increasing again to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,700 per sq.ft in 2024.

What is the land classification of Kalyana Maistry Garden 7th Street?

Kalyana Maistry Garden 7th Street is classified as Residential Class V Type - III.

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. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for Kalyana Maistry Garden 7th Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Kalyana Maistry Garden 7th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.