Prestige apartment projects Velachery cost

Featured Image of Prestige apartment projects Velachery cost


The base cost for an apartment at Prestige Park Street starts from Rs 4 Cr. The 4 BHK and 4 BHK + Family Room are on a Price on Request basis. This 3.48-acre project by Prestige Group sits at 140 Velachery Road and is in its pre-launch phase. Prices are indicative until the official October 2026 launch. To plan your October 2030 budget, calculate the full out-of-pocket cost, not just the base price.

Base Price Breakdown by Unit Size


The basic cost depends on the total square footage and floor plan you choose. Per-square-foot rates vary by floor height and view, and are shared on request.

  • 3 BHK (2,280 sq ft): Starts at Rs 4 Cr. This is the lowest entry point into the project.
  • 4 BHK (3,024 sq ft): Price on Request. This mid-size layout suits growing families.
  • 4 BHK + Family Room (4,288 sq ft): Price on Request. This layout offers extra room for larger households.
  • 4.5 BHK + Study: Price on Request. This option adds a dedicated study, ideal for buyers who work from home.

Carpet Area vs Saleable Area

Builders often quote saleable area, which is larger than the carpet area you actually get inside your walls. RERA requires builders to disclose the carpet area too. The sizes quoted on this page are saleable area figures. Ask the sales team for the exact carpet area before you compare cost per square foot.

Mandatory Additional Charges and Taxes


The advertised base price only covers the bare structure. Several mandatory costs apply before you reach the final price.

Tamil Nadu charges stamp duty at 7 percent of the property value. Registration adds another 4 percent. Together, these government charges add up to 11 percent on top of the base price. They are calculated on whichever is higher: the sale price or the government guideline value.

Beyond stamp duty and registration, you will need to budget for:

  • GST
  • A mandatory clubhouse membership fee
  • Water and electricity infrastructure connection charges
  • Car parking slot allotment cost

Ask the sales desk for a complete, itemized cost sheet before you pay the EOI amount.

Construction-Linked Payment Schedule


You do not need to pay the entire cost upfront. Prestige Group is expected to offer a construction-linked payment plan across the four-year build timeline.

You start with a refundable EOI amount to register your interest. The formal sale agreement and detailed payment schedule follow only after TNRERA registration is granted. Payments after that are typically tied to construction milestones, though exact percentages will be confirmed at launch. Possession is expected by October 2030.

FAQs


1. What is the starting price of Prestige Park Street?

The 3 BHK starts from around Rs 4 Cr. Pricing for the 4 BHK and 4 BHK + Family Room is available on request.

2. Are the quoted prices final?

No. Prices are indicative during the pre-launch stage and are expected to be confirmed around the official October 2026 launch.

3. What additional charges apply besides the base price?

Buyers should budget for stamp duty, registration, GST, clubhouse membership, utility connections, and car parking charges.

4. How much are stamp duty and registration charges in Tamil Nadu?

As per current Tamil Nadu rates, stamp duty is generally 7 percent of the property value, and registration is generally 4 percent, together adding around 11 percent on top of the base price. These rates can change, so buyers should confirm the current applicable rates before budgeting.

5. Is there a payment plan?

Yes. Buyers typically start with a refundable EOI amount, with the full construction-linked schedule following once TNRERA registration is granted.

6. Who is developing Prestige Park Street?

Prestige Park Street is developed by Prestige Group, which has a long track record of large residential projects across South India.

7. Is Prestige Park Street RERA approved?

TNRERA approval for Prestige Park Street is in progress. The RERA number will be published here once it is issued.

Enquire Now