Prestige Park Street Cost Sheet and Charges

Prestige Park Street Cost sheet and charges show a starting base price of ₹4.00 Crores (around ₹17,500 per sq ft) for large 2,280 sq ft 3 BHK luxury flats on a 3.48-acre land parcel on 100 Feet Road in Velachery, Chennai (PIN 600042). This price paper lists all basic costs for 252 homes built across 4 tall towers of B2 + B1 + G + 18 floors, with top-end 4,288 sq ft 4 BHK flats priced up to ₹7.50 Crores. It clearly lists the base home prices along with token booking advance fees of ₹10 Lakhs for 3 BHK, ₹15 Lakhs for 4 BHK, and ₹20 Lakhs for 4 BHK plus family room homes. Buyers use this sheet to plan their payments before the 5 October 2026 launch date, leading up to key delivery on 31 October 2030.

You also need to pay a bit more if you pick a flat on the fifth floor or higher, or want one facing north, east, or the garden. A basement car spot on level B1 or B2 is an extra cost too. On top of the flat rate, the government takes 5% for GST, 7% for state stamp duty, and 2% to register the home in your name. Lastly, you pay upfront for the first year of building care at ₹72 to ₹75 per sq ft, plus a small one-time fund kept aside for future big repairs.

Unit-Wise Base Cost Breakdown

The base flat price ranges from ₹4.00 crore to ₹7.50 crore, depending on the home size. Flat sizes range from 2,280 sq. ft. to 4,288 sq. ft.

These prices cover the flat and basic land share. Floor-rise charges and government taxes are extra.

These pre-launch numbers may see small updates once final CMDA and Tamil Nadu RERA papers come through.

Additional One-Time Charges and Premiums

Extra one-time builder charges may range from ₹25 lakh to ₹60 lakh. The amount can vary based on the floor, home view, and power-related features. These charges cover added costs linked to the flat’s location and shared building systems.

• Floor Rise Charges: A small extra fee per square foot starts from the 5th floor upward, covering better airflow, less road noise, and open city views.
• Preferred Location Charges: An extra charge added to homes facing east or north, corner flats, or flats that look right onto the central garden.
• Covered Car Parking: Pays for private, marked parking spots inside basement floors B1 and B2, with single or twin slots based on flat size.
• Power and Water Connection Fees: One-time payments to set up regular city power lines, piped drinking water, drainage pipes, and 100% generator backup.
• Clubhouse Membership Fee: A one-time payment that gives your family lifetime entry to the big gym, swimming pool, indoor games room, and party hall.

Statutory Taxes, Stamp Duty, and Registration Charges

Government charges can add around 14% to the base property price, depending on the applicable taxes and fees. These include taxes and charges paid to the central and Tamil Nadu governments. The exact amount and payment time depend on the property and current government rules.

• Goods and Services Tax (GST): A flat 5% tax charged on the full construction value for luxury, non-budget city homes.
• Tamil Nadu Stamp Duty: A fixed 7% state tax on the flat value, paid through official stamp papers before signing the legal sale deed.
• Registration Fees: A 2% fee paid right at the local sub-registrar office to put the home title legally into your name.
• Legal and Document Fees: A standard fee of ₹50,000 to ₹1,00,000 for title checks, drafting agreements, and lawyer verification work.

Advance Maintenance and Sinking Fund Charges

The advance maintenance fee is around ₹72 to ₹75 per sq. ft. for the first year. This amount is usually collected before the flat is handed over. The fee helps cover daily services and common area upkeep until the residents take over the property.

• First-Year Upkeep Advance: Pays for round-the-clock security staff, lift repairs, garden care, power backup fuel, and cleaning of shared spaces for 12 months.
• Sinking Fund Reserve: A one-time, non-refundable deposit kept in a bank account that goes straight to the flat owners' association for future major repairs.
• Monthly Upkeep Later On: Switches to a simple monthly bill of ₹5 to ₹8 per sq ft, run directly by the flat owners' association after handover.

Milestone-Based Construction Payment Schedule

The construction-linked payment plan breaks total costs across 7 clear steps, asking for 20% down to sign the official sale agreement. This setup ties each money transfer directly to real building work finished on the ground.

• Booking Deposit (EOI): You pay ₹10 Lakhs to ₹20 Lakhs right away to block your chosen flat.
• Sale Agreement (Within 30 Days): You pay the balance to complete 20% of the flat price and sign the legal agreement.
• Basement and Foundation Stage: You release 10% after the ground digging, pillar piling, and basement floor slabs are set.
• Main Building Slabs: You pay 35% across easy stages as the builder casts the 18 residential floors step-by-step.
• Inside Walls and Plastering: You pay 15% when the room walls, water pipes, and electrical lines are in place.
• Flooring and Outer Paint: You pay 15% while workers put in tiles, set windows, paint walls, and test the lifts.
• Key Handover: You pay the final 5% balance and the first-year upkeep fee once the completion paper (OC) arrives.

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