Prestige Palm Court Cost Sheet


Prestige Palm Court Cost Sheet

Prestige Palm Court Cost Sheet gives the complete price breakup for 1, 2 and 3 BHK apartments in Madhavaram, North Chennai. Apartment prices start at Rs. 72 Lakhs for 1 BHK, Rs. 1.25 Cr for 2 BHK, Rs. 1.60 Cr for 3 BHK + 2T and Rs. 1.99 Cr for 3 BHK + 3T. Apart from the apartment price, the cost sheet includes GST, stamp duty, registration, floor- rise charges, PLC, car parking, legal charges, monthly maintenance at Rs. 6 per sq. ft. and a one-time maintenance deposit of Rs. 70 per sq. ft.

The cost sheet is an essential document that provides a complete breakdown of all costs associated with purchasing an apartment at Prestige Palm Court. It helps buyers understand the total investment required beyond the base price of the property.

Components of the Cost Sheet:

The Prestige Palm Court cost sheet includes the following key components:

1. Base Price

The Prestige Palm Court base price ranges from Rs. 10,500 to Rs. 11,500 per sq. ft. during the pre-launch phase. The amount is calculated using the chargeable apartment area mentioned in the official cost sheet and the applicable rate per sq. ft.

2. Carpet Area Cost

This is the cost calculated based on the actual usable floor area of the apartment, excluding walls and common areas.

The carpet area will be mentioned separately in the approved floor plan and sale documents.

Buyers should not calculate the total sale value using carpet area unless the official cost sheet follows that pricing method.

3. Built-up Area Cost

The built-up area includes the carpet area plus the thickness of walls. This measurement is often used for pricing calculations.

4. Sale Value

The sale value is the total price of the apartment based on the agreed rate and area measurements.

The sale value may also include floor-rise charges, PLC, parking and other project charges before statutory taxes are added.

Prestige Palm Court Unit-Wise Cost Details:

Apartment Type Size Range Starting Price Monthly Maintenance at Rs. 6/sq. ft. Deposit at Rs. 70/sq. ft.
1 BHK 650 sq. ft. Rs. 72 Lakhs Rs. 3,702–Rs. 3,846 Rs. 43,190–Rs. 44,870
2 BHK 1,137–1,175 sq. ft. Rs. 1.25 Cr Rs. 6,822–Rs. 7,050 Rs. 79,590–Rs. 82,250
3 BHK + 2T 1,521–1,557 sq. ft. Rs. 1.60 Cr Rs. 9,126–Rs. 9,342 Rs. 1,06,470–Rs. 1,08,990
3 BHK + 3T 1,827–1,887 sq. ft. Rs. 1.99 Cr Rs. 10,962–Rs. 11,322 Rs. 1,27,890–Rs. 1,32,090

Additional Charges

Beyond the base price, buyers need to account for these additional costs:

Cost Component Approximate Rate
Stamp Duty 7% of Agreement Value
Registration Charges 1% of Agreement Value
GST (Under Construction) 5% of Agreement Value
Car Parking As mentioned in the official cost sheet
Clubhouse or Amenity Charges As applicable
Legal & Documentation As applicable
Monthly Maintenance Rs. 6 per sq. ft.
One-Time Maintenance Deposit Rs. 70 per sq. ft.
Floor-Rise Charges Based on the selected floor
Preferential Location Charges Applicable to selected units, if charged

Sample Cost Calculation

Here is a sample cost breakdown for a 2 BHK apartment at Prestige Palm Court:

The calculation below uses a 1,175 sq. ft. 2 BHK apartment priced at Rs. 10,640 per sq. ft. It does not include unconfirmed parking, clubhouse, floor-rise or PLC amounts.

Here is the formatted table for the cost breakdown:

Cost Component Amount / Details
Base Price: 1,175 sq. ft. × Rs. 10,640 Rs. 1,25,02,000
GST at 5% Rs. 6,25,100
Stamp Duty at 7% Rs. 8,75,140
Registration at 1% Rs. 1,25,020
One-Time Maintenance Deposit: 1,175 × Rs. 70 Rs. 82,250
Approximate Cost Before Other Charges Rs. 1,42,09,510
Monthly Maintenance: 1,175 × Rs. 6 Rs. 7,050 per month

The monthly maintenance amount is not included in the approximate purchase cost because it is a recurring payment.

Floor rise, car parking, PLC, legal fees, clubhouse charges and other applicable costs must be added according to the final cost sheet. Statutory charges will be calculated on the value and rates applicable at the time of registration.

Floor Rise Charges

Apartments selected on higher floors may attract a floor-rise charge. The charge will depend on the selected tower and floor and will be added separately to the apartment price.

The exact floor-wise rate must be checked in the official Prestige Palm Court Cost Sheet. Buyers should not use an assumed rate of Rs. 50, Rs. 75 or Rs. 100 per sq. ft. unless it is confirmed by the developer.

Prestige Palm Court Payment Schedule

The cost sheet will also show the 10:10:75:5 construction-linked payment plan.

Payment Stage Payment Percentage
At booking 10%
At the sale agreement 10%
During construction milestones 75%
At possession 5%

The Rs. 1 Lakh refundable EOI is separate from the payment plan. The final milestone dates and amounts will be mentioned in the sale agreement.

Important Notes

  • All prices are indicative and subject to change
  • GST rates may vary based on government regulations
  • Stamp duty rates are as per Tamil Nadu government norms
  • Additional charges may apply for premium views or locations

The detailed Prestige Palm Court Cost Sheet will be issued with the apartment-wise sale value, statutory charges, maintenance deposit, payment schedule and other applicable costs.

Buyers should check that the cost sheet clearly mentions the apartment number, tower, floor, area, base rate, total sale value and every additional charge before booking.

Request Cost Sheet

For a detailed and personalized cost sheet for your preferred apartment type, please contact us. Our sales team will provide you with complete pricing information based on your requirements.

Please fill out the inquiry form with your phone number and email ID to receive the latest Prestige Palm Court Cost Sheet, available unit details and payment schedule. You can also visit the project sales office on Grand Northern Trunk Road, KKR Nagar, Ponniammanmedu, Madhavaram, Chennai, Tamil Nadu 600110.

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