Guideline Value for MINOR TRUSTPURAM 2ND CROSS STREET

Minor Trustpuram 2nd Cross Street guideline value

The current guideline value of Minor Trustpuram 2nd Cross Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of Minor Trustpuram 2nd Cross Street has changed

Looking at the revisions, the guideline value has experienced significant changes over the years. The 2007 revision set the value at Rs 1,400 per sq.ft, which increased to Rs 5,800 per sq.ft in 2012. There was no figure available for the years 2002, 2003, and 2017. The value remained unchanged at Rs 5,800 per sq.ft from 2012 until the 2023 revision, which then increased to Rs 6,300 per sq.ft in 2024, marking a 9% rise.

From 2007 to 2024, the overall increase in the guideline value is 350%. The change from 2012 to 2023 saw no increase, while the jump from 2007 to 2012 was a substantial 314%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Minor Trustpuram 2nd Cross Street above this median at Rs 6,300 per sq.ft.

• Minor Trustpuram 1cross St 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 2nd Cross 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, totaling 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 2nd Cross Street?

The Minor Trustpuram 2nd Cross Street falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Puliyur. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that transactions are recorded at a fair value, preventing underreporting of property prices. This is particularly important for maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Minor Trustpuram 2nd Cross Street?

The current guideline value of Minor Trustpuram 2nd Cross Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen an increase from Rs 1,400 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, marking a total increase of 350% over the years.

What are the other streets in Puliyur with similar guideline values?

Other streets in Puliyur under the Kodambakkam SRO also have a guideline value of Rs 6,300 per sq.ft, including Minor Trustpuram 1cross St Street, Minor Trustpuram 3rd Cross Street, Minor Trustpuram Main Road, and Mini Street.

What is the registration fee for property in Minor Trustpuram 2nd Cross Street?

The registration fee for property in Minor Trustpuram 2nd Cross Street is calculated at 2% of the guideline value, which is Rs 1,26,000 for a 1,000 sq.ft plot valued at Rs 63,00,000.

Where can I find the Sub Registrar Office for Minor Trustpuram 2nd Cross Street?

The Kodambakkam Sub Registrar Office covers Minor Trustpuram 2nd Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.