Guideline Value for MINOR TRUSTPURAM 1CROSS ST STREET

Minor Trustpuram 1cross St Street guideline value

The current guideline value of Minor Trustpuram 1cross St Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the jurisdiction of the Kodambakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of Minor Trustpuram 1cross St Street has changed

The guideline value for Minor Trustpuram 1cross St Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 1,400 per sq.ft. This value saw a significant increase to Rs 5,800 per sq.ft in the 2012 revision, marking a change of +314%. The value remained unchanged at Rs 5,800 per sq.ft through the 2023 revision. However, in the latest 2024 revision, the guideline value increased to Rs 6,300 per sq.ft, reflecting a change of +9% from the previous year.

There are no recorded figures for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +350%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing the 2024 figure for Minor Trustpuram 1cross St Street above this median.

• Minor Trustpuram 2nd Cross Street: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram 3rd Cross Street: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram Main Road: Rs 6,300 per sq.ft (2024)
• Mini Street: Rs 6,300 per sq.ft (2024)
• M.G.R. Street: Rs 4,400 per sq.ft (2024)
• METTU STREET (or) PALANI ANDAVAR KOIL STREET: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Minor Trustpuram 1cross St Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000. Together, the total cost for these fees would be Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Minor Trustpuram 1cross St Street?

The Sub Registrar Office that covers Minor Trustpuram 1cross St Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Puliyur. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that these fees are based on a standardized valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. The registration process will require these fees to be settled based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Minor Trustpuram 1cross St Street?

The current guideline value of Minor Trustpuram 1cross St Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,400 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, representing an overall increase of +350%.

What is the classification of Minor Trustpuram 1cross St Street?

Minor Trustpuram 1cross St Street is classified as Residential Special Type - III, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Minor Trustpuram 1cross St Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 63,00,000, the stamp duty would be calculated at 7% of this amount.