Guideline Value for TRUST CROSS 8TH STREET

Trust Cross 8th Street guideline value

The current guideline value of Trust Cross 8th 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 8th Street has changed

The guideline value for Trust Cross 8th Street has seen significant changes over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 872 per sq.ft. This increased to Rs 969 per sq.ft in 2003, marking an increase of 11%. The value then rose to Rs 1,540 per sq.ft in 2007, reflecting a substantial increase of 59%. Following that, the value surged dramatically to Rs 10,500 per sq.ft in 2012, which was a remarkable increase of 582%. The guideline value remained unchanged at Rs 10,500 per sq.ft until the 2023 revision, when it was updated to Rs 11,500 per sq.ft, showing a 10% increase.

It is important to note that there is no figure available for the 2017 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 1219%.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Trust Cross 8th Street's 2024 guideline value is above this median.

• Trust Cross 7th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 9th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 6th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross Link 1st Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 5th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross Link 2nd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Trust Cross 8th Street

For a 1,000 sq.ft plot at the current rate of Rs 11,500 per sq.ft, the guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. Please 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 details.

Which Sub Registrar Office covers Trust Cross 8th Street?

The Sub Registrar Office that covers Trust Cross 8th 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 is an essential factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Trust Cross 8th Street?

The current guideline value of Trust Cross 8th 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 increased from Rs 872 per sq.ft in 2002 to Rs 11,500 per sq.ft in 2024, marking an overall increase of 1219% over the years.

Is there a guideline value for the 2017 revision?

No, the register has no figure for Trust Cross 8th Street in the 2017 revision.

What is the classification of Trust Cross 8th Street?

Trust Cross 8th Street is classified as Residential Class II Type - III.

Where can I find the Mylapore Sub Registrar Office?

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