Guideline Value for KALYANA MAISTRY GARDEN 8TH STREET

Kalyana Maistry Garden 8th Street guideline value

The current guideline value of Kalyana Maistry Garden 8th 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 8th Street has changed

Over the years, the guideline value of Kalyana Maistry Garden 8th Street has seen several revisions. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in 2017. Following this, the value rose 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, marking an 8% rise from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision is an increase of 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, with a median value of Rs 5,500 per sq.ft. The guideline value of Kalyana Maistry Garden 8th Street is below this median.

• Kalyana Maistry Garden 7th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 9th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 6th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 5th 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 8th 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 be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyana Maistry Garden 8th Street?

The Kalyana Maistry Garden 8th Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the minimum value of the property, which is used for calculating the stamp duty and registration fees during the transaction process.

When a property is registered, the guideline value will be compared with the sale price, and the higher of the two will be used to calculate the applicable duties. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Kalyana Maistry Garden 8th Street?

The current guideline value of Kalyana Maistry Garden 8th 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% 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 Sub Registrar Office covers this street?

The Purasaivakkam Sub Registrar Office covers Kalyana Maistry Garden 8th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Kalyana Maistry Garden 8th Street?

Kalyana Maistry Garden 8th Street is classified as Residential Class V Type - III.