Guideline Value for MINOR TRUSTPURAM MAIN ROAD

Minor Trustpuram Main Road guideline value

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

How the guideline value of Minor Trustpuram Main Road has changed

Over the years, the guideline value of Minor Trustpuram Main Road has seen significant changes. The 2007 revision set the value at Rs 1,500 per sq.ft, which was then increased to Rs 5,800 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, which also recorded Rs 5,800 per sq.ft. However, in the 2024 revision, the guideline value rose to Rs 6,300 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 320%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Puliyur

In Puliyur village, 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 value for these streets is Rs 5,800 per sq.ft, placing Minor Trustpuram Main Road's 2024 figure above that median.

• Minor Trustpuram 3rd Cross Street: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram 2nd Cross Street: 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 Main Road

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, making the total cost for these fees Rs 5,67,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Minor Trustpuram Main Road?

The Sub Registrar Office that covers Minor Trustpuram Main Road is 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 in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the guideline value is used to calculate the applicable duties, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Minor Trustpuram Main Road?

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

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 320%, from Rs 1,500 per sq.ft to Rs 6,300 per sq.ft in 2024.

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

Other streets in Puliyur, such as Minor Trustpuram 3rd Cross Street, Minor Trustpuram 2nd Cross Street, and Mini Street, also have a guideline value of Rs 6,300 per sq.ft in 2024.

How is the stamp duty calculated for properties in Minor Trustpuram Main Road?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000.

Which office handles registrations for properties in Minor Trustpuram Main Road?

The Kodambakkam Sub Registrar Office handles registrations for properties in Minor Trustpuram Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.