Guideline Value for MINOR TRUSTPURAM 3RD CROSS STREET

Minor Trustpuram 3rd Cross Street guideline value

The current guideline value of Minor Trustpuram 3rd Cross Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Minor Trustpuram 3rd Cross Street has changed

The guideline value for Minor Trustpuram 3rd Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,400 per sq.ft, which then increased significantly to Rs 5,800 per sq.ft in both the 2012 and 2023 revisions. However, the register has no figure for this street for the years 2002, 2003, and 2017.

In the 2024 revision, the guideline value rose to Rs 6,300 per sq.ft, marking a 9% increase from the 2023 figure. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 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 Minor Trustpuram 3rd Cross Street above that median.

• Minor Trustpuram 2nd Cross Street: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram Main Road: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram 1cross St Street: 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 3rd 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 amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total fees to Rs 5,67,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Minor Trustpuram 3rd Cross Street?

The Sub Registrar Office that covers Minor Trustpuram 3rd Cross 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 is a crucial factor when registering property transactions in Puliyur. It is used to determine the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When a property is bought or sold, the guideline value helps establish a baseline for the transaction price. This ensures that the fees are calculated fairly and transparently, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Minor Trustpuram 3rd Cross Street?

The current guideline value of Minor Trustpuram 3rd Cross 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 a total increase of 350% over the years.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur with the same guideline value of Rs 6,300 per sq.ft in 2024 include Minor Trustpuram 2nd Cross Street, Minor Trustpuram Main Road, Minor Trustpuram 1cross St Street, and Mini Street.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Minor Trustpuram 3rd Cross Street?

Stamp duty for properties in Minor Trustpuram 3rd Cross Street is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.