Guideline Value for KALYANA MAISTRY GARDEN

Kalyana Maistry Garden guideline value

The current guideline value of Kalyana Maistry Garden in Purasaivakkam village, under the Purasaivakkam SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - II.

How the guideline value of Kalyana Maistry Garden has changed

The guideline value for Kalyana Maistry Garden has seen several revisions over the years. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 208%. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 238%. 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 have 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. Kalyana Maistry Garden's current guideline value is below this median.

• Kalyana Maistry Garden 10th Street: Rs 2,200 per sq.ft (2024)
• Kalyana Maistry Garden 11th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 12th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 13th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 14th Street: Rs 2,700 per sq.ft (2024)
• Kalyana Maistry Garden 15th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyana Maistry Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is charged at 7%, which totals Rs 1,54,000, and the registration fee is 2%, amounting to Rs 44,000. The total cost for these fees together is Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyana Maistry Garden?

The Kalyana Maistry Garden area is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers must be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, aligning with the official rates set by the government. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kalyana Maistry Garden?

The current guideline value of Kalyana Maistry Garden is Rs 2,200 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 2,200 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What are the stamp duty and registration fees for properties in Kalyana Maistry Garden?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, these fees total Rs 1,98,000.

Which Sub Registrar Office handles registrations for Kalyana Maistry Garden?

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

What is the classification of land in Kalyana Maistry Garden?

Kalyana Maistry Garden is classified as Residential Class V Type - II, indicating its designation for residential use.