Prestige Park Street Maintenance Charges

Published On: 18 June 2026

Prestige Park Street maintenance charges are estimated at Rs. 72 to Rs. 75 per sq. ft. per year as advance charges collected by the builder. After possession, the monthly maintenance charges are expected to be between Rs. 5 and Rs. 8 per sq. ft.

These charges will be managed by the Residents Welfare Association (RWA). It will be calculated based on apartment size and is used for maintaining the clubhouse, lifts, gardens, swimming pool, security, lights, and other shared facilities.

The maintenance fees are collected to make sure all common areas stay clean, safe, and working. Every owner and tenant must pay these charges. It is calculated on the size of the unit and may include taxes as per government rules.

Prestige Park Street is a massive housing project in Velachery, Chennai, set over 5 acres. It offers big 2, 3, and 4 BHK apartments with modern amenities and open spaces. The maintenance charges will be clearly mentioned in the official cost sheet from the builder.

What Are Maintenance Charges?

Maintenance charges are regular fees paid by residents to maintain the township and all common facilities. These charges keep the project clean, safe, and working. The fees are first collected by the builder and later managed by the RWA after the residents' association is formed.

The charges are calculated based on apartment size. Larger homes pay higher maintenance charges than smaller units because they take up more space.

Estimated Annual Maintenance Charges at Prestige Park Street

The table below shows a sample estimate of annual maintenance charges @ ₹72/sq. ft. + 18% GST

Unit Type	Size (Sq. Ft.)	Yearly Maintenance Charges (Including 18% GST)
1 BHK	685	₹58,197.60
2 BHK	845	₹71,791.20
3 BHK	1,650	₹1,40,184.00

Estimated Monthly Maintenance Charges @ ₹5/sq. Ft.

Unit Type	Size (Sq. Ft.)	Monthly Maintenance Charges
1 BHK	685	₹3,425
2 BHK	845	₹4,225
3 BHK	1,650	₹8,250

The table below shows the estimated monthly maintenance charges, including taxes. These charges will also include 18% GST.

What Do Maintenance Charges Cover?

The maintenance amount is used for several services in the project:

Cleaning common areas, lobbies, Waste collection, disposal and corridors.
Garden maintenance, landscaping, pest control and sanitation.
Water supply and electricity for common areas, lift servicing and repairs, security services and CCTV monitoring.
Swimming pool maintenance, Clubhouse management.

These services make sure residents enjoy a comfortable and easy lifestyle.

What Are the RERA Rules for Maintenance Charges?

RERA has made rules to make maintenance charges clear and fair for buyers. Builders must explain all maintenance costs before giving the apartment.

The maintenance amount collected by the builder must be used only for maintaining the project. The funds are kept in a separate account. Builders can collect maintenance charges in advance for a limited time before the residents' association takes over.

These rules protect buyers and make sure charges are used properly.

Is GST included in the charges?

Yes, GST is added to maintenance fees in the township if either of these two things happens:

The monthly maintenance fee for one flat is more than Rs. 7,500.
The total yearly income of the society from services is more than Rs. 20 lakhs. Affordable housing projects do not need to pay GST on maintenance charges. This rule applies to projects that give basic facilities and smaller homes.

How Are Maintenance Charges Calculated?

Per Square Foot Method

This is the most common method. Charges are calculated based on apartment area. Larger homes pay more because they take up more space.

Equal Sharing Method

In this method, every owner pays the same amount regardless of apartment size. This is less common in big projects.

Hybrid Method

Some communities mix both methods. Some expenses are shared equally, while others are calculated by apartment size.

Benefits of Paying Maintenance Charges

Regular maintenance payments keep the community attractive and working. Clean surroundings, working amenities, good security, and well-maintained areas improve the living experience.

A well-maintained township also keeps property value high. Buyers and tenants like projects that are managed well and offer clean surroundings.

Prestige Park Street Highlights

Project Type	New Launch Apartment Township
Total Land Area	5 Acres
Location	Velachery, South Chennai
Builder	Prestige Group
Launch Date	05 October 2026
Unit Variants	1, 2, & 3 BHK Apartments
Starting Price	₹85 Lakhs Onwards
Total Units	480 Apartments
RERA Status	Pending
Towers	2 Premium Towers
Structure	2B + G + 30 Floors
Possession	31 October 2030

FAQs

1. Are maintenance charges compulsory at Prestige Park Street?

Yes. Every owner and tenant must pay maintenance charges for common facilities and services.

2. Are maintenance charges included in the apartment price?

No. Maintenance charges are separate from the apartment cost and are mentioned in the cost sheet.

3. Who decides the maintenance charges after move-in?

After you move in, the Residents Welfare Association, or RWA for short, is in charge of deciding and managing the maintenance charges at Prestige Park Street.

4. What is covered by these maintenance charges?

The charges at Prestige Park Street cover things like security, the lifts, gardens, clubhouse, swimming pool, cleaning, water supply and all the other common amenities that people use.