Guideline Value for TRUST CROSS 13TH STREET

Trust Cross 13th Street guideline value

The current guideline value for Trust Cross 13th 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 13th Street has changed

The guideline value for Trust Cross 13th Street has seen significant changes over the years. In 2002, the value was Rs 783 per sq.ft, which increased to Rs 870 per sq.ft in 2003. Following this, the value rose to Rs 1,540 per sq.ft in 2007, marking a substantial increase of 77%. The 2012 revision saw the value drop to Rs 10,500 per sq.ft, a decrease of 33%. However, from 2012 to 2017, the value surged to Rs 7,035 per sq.ft, reflecting a remarkable increase of 582%. The guideline value then increased to Rs 10,500 per sq.ft in 2023, before reaching the current figure of Rs 11,500 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value for Trust Cross 13th Street has increased by 1369%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Mylapore

The guideline values for properties in Mylapore vary significantly, with 883 streets under the Mylapore SRO carrying a 2024 figure 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, placing Trust Cross 13th Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Trust Cross 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees together to Rs 10,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Trust Cross 13th Street?

The Sub Registrar Office that covers Trust Cross 13th 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 details.

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

The guideline value plays a crucial role in property transactions in Mylapore. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. This value is essential for ensuring that the transaction is recorded accurately and legally.

When selling a property, the guideline value helps establish a baseline for the sale price, ensuring that both parties are aware of the minimum value set by the government. This process aids in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for Trust Cross 13th Street?

The current guideline value for Trust Cross 13th 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, starting from Rs 783 per sq.ft in 2002 to Rs 11,500 per sq.ft in 2024, marking an overall increase of 1369%.

What is the land classification for Trust Cross 13th Street?

Trust Cross 13th Street is classified as Residential Class II Type - III.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,15,00,000, the total fees would amount to Rs 10,35,000.

Where is the Sub Registrar Office for Trust Cross 13th Street located?

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