Guideline Value for TRUST CROSS 11TH STREET

Trust Cross 11th Street guideline value

The current guideline value of Trust Cross 11th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class II Type - III.

How the guideline value of Trust Cross 11th Street has changed

The guideline value for Trust Cross 11th Street has undergone several revisions over the years. In 2002, the value was Rs 783 per sq.ft, which increased significantly to Rs 870 per sq.ft in 2003, marking an increase of 11%. The value then saw a substantial rise to Rs 10,500 per sq.ft in 2012, reflecting a remarkable increase of 1,107%. However, from 2012 to 2017, the value decreased to Rs 7,035 per sq.ft, a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 11,500 per sq.ft, which is an increase of 63% from the 2017 figure.

It is important to note that there are no figures available for the years 2007 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,369%.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, making the 2024 figure for Trust Cross 11th Street above this median.

• Trust Cross 10th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 12th Street: Rs 11,500 per sq.ft (2024)
• Trust 2nd Main Road: Rs 11,500 per sq.ft (2024)
• Trust Cross 13th Street: Rs 11,500 per sq.ft (2024)
• Trust 1st Main Road: Rs 11,500 per sq.ft (2024)
• Trust Cross 14th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Trust Cross 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, while the registration fee at 2% would be Rs 2,30,000. Together, the total cost for stamp duty and registration fee would be Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Trust Cross 11th Street?

The Sub Registrar Office covering Trust Cross 11th Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mylapore. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is often considered the minimum value for registration purposes.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Trust Cross 11th Street?

The current guideline value of Trust Cross 11th Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 783 per sq.ft in 2002 to Rs 11,500 per sq.ft in 2024, which is an overall increase of 1,369%.

What is the median guideline value in Mylapore?

The median guideline value in Mylapore is Rs 8,800 per sq.ft, which means that Trust Cross 11th Street's 2024 figure is above this median.

What are the stamp duty and registration fees for a property in Trust Cross 11th Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 10,35,000, based on the guideline value of Rs 1,15,00,000.

Where is the Sub Registrar Office for Trust Cross 11th Street located?

The Sub Registrar Office for Trust Cross 11th Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.