Guideline Value for TRUST CROSS 9TH STREET

Trust Cross 9th Street guideline value

The current guideline value of Trust Cross 9th 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 9th Street has changed

The guideline value for Trust Cross 9th Street has seen several revisions over the years. Starting from Rs 872 per sq.ft in 2002, it increased to Rs 969 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 1,540 per sq.ft in 2007, a jump of 59%. In 2012, the value was Rs 10,500 per sq.ft, reflecting a substantial increase of 582% from the previous revision. However, it decreased by 33% to Rs 7,035 per sq.ft in 2017. The value then climbed to Rs 10,500 per sq.ft in 2023, and most recently, it increased by 10% to Rs 11,500 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1219%. There are no figures available for the years not listed in the register for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value is Rs 8,800 per sq.ft, placing Trust Cross 9th Street above this median.

• Trust Cross 8th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross Link 1st Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 7th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross Link 2nd Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 6th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross Link 3rd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Trust Cross 9th 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, and the registration fee at 2% would be Rs 2,30,000, bringing the total to 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Trust Cross 9th Street?

The Sub Registrar Office that covers Trust Cross 9th 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 a critical factor when buying or selling property in Mylapore. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the property transaction. This ensures that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of Trust Cross 9th Street?

The current guideline value of Trust Cross 9th 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 872 per sq.ft in 2002 and reaching Rs 11,500 per sq.ft in 2024, which is an overall increase of 1219%.

What is the land classification of Trust Cross 9th Street?

Trust Cross 9th Street is classified as Residential Class II Type - III.

What are the stamp duty and registration fees for a property in Trust Cross 9th Street?

For a 1,000 sq.ft plot, the total guideline value would be Rs 1,15,00,000. The stamp duty would be Rs 8,05,000, and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Which office handles property registration for Trust Cross 9th Street?

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