Guideline Value for TRUST CROSS LINK 2ND STREET

Trust Cross Link 2nd Street guideline value

The current guideline value for Trust Cross Link 2nd 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 Link 2nd Street has changed

The guideline value for Trust Cross Link 2nd Street has seen revisions over the years. The 2012 revision set the value at Rs 10,500 per sq.ft, which was a change from the previous revisions that have no figures for this street in 2002, 2003, 2007, 2017, and 2023. The latest revision in 2024 increased the value to Rs 11,500 per sq.ft, marking a 10% increase from the 2012 figure.

To summarize, the guideline value increased from Rs 10,500 per sq.ft in 2012 to Rs 11,500 per sq.ft in 2024. The absence of figures for the years 2002, 2003, 2007, 2017, and 2023 indicates that there were no recorded changes in the guideline value for this street during those years.

Guideline values in Mylapore

In Mylapore, there are 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 for these streets is Rs 8,800 per sq.ft, placing Trust Cross Link 2nd Street's 2024 value above this median.

• Trust Cross Link 1st Street: Rs 11,500 per sq.ft (2024)
• Trust Cross Link 3rd Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 9th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross Link 4th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 8th Street: Rs 11,500 per sq.ft (2024)
• Trustpakkam: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Trust Cross Link 2nd 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 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.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Trust Cross Link 2nd Street?

The Sub Registrar Office covering Trust Cross Link 2nd 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 crucial factor during property transactions in Mylapore, as it determines the minimum value at which a property 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 stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Trust Cross Link 2nd Street?

The current guideline value for Trust Cross Link 2nd 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 increased from Rs 10,500 per sq.ft in 2012 to Rs 11,500 per sq.ft in 2024, with no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the land classification for Trust Cross Link 2nd Street?

Trust Cross Link 2nd Street is classified as Residential Class II Type - III under the Mylapore SRO.

What are the stamp duty rates for property in this area?

The stamp duty rate for property transactions in Trust Cross Link 2nd Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Trust Cross Link 2nd Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.