Guideline Value for TRUST CROSS LINK 3RD STREET

Trust Cross Link 3rd Street guideline value

The current guideline value of Trust Cross Link 3rd Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village and falls under the Mylapore SRO, classified as Residential Class II Type - III.

How the guideline value of Trust Cross Link 3rd Street has changed

In the 2012 revision, the guideline value was set at Rs 10,500 per sq.ft. This marked a significant change, as the current value of Rs 11,500 per sq.ft in the 2024 revision reflects a 10% increase from the 2012 figure.

There are no figures available for Trust Cross Link 3rd Street in the revisions for the years 2023, 2017, 2007, 2003, and 2002. Hence, the only recorded changes are between the 2012 and 2024 revisions.

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 in this area is Rs 8,800 per sq.ft, placing Trust Cross Link 3rd Street's 2024 figure above this median.

• Trust Cross Link 1st Street: Rs 11,500 per sq.ft (2024)
• Trust Cross Link 2nd Street: Rs 11,500 per sq.ft (2024)
• Trust Cross Link 4th Street: Rs 11,500 per sq.ft (2024)
• Trust Cross 9th Street: Rs 11,500 per sq.ft (2024)
• Trustpakkam: Rs 7,700 per sq.ft (2024)
• Trustpakkam North Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Trust Cross Link 3rd 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 fees 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Trust Cross Link 3rd Street?

The Sub Registrar Office that covers Trust Cross Link 3rd 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 registering property transactions in Mylapore. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for completing the registration process. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Trust Cross Link 3rd Street?

The current guideline value of Trust Cross Link 3rd 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, reflecting a 10% rise. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002.

What is the classification of Trust Cross Link 3rd Street?

Trust Cross Link 3rd Street is classified as Residential Class II Type - III under the Mylapore SRO.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 10,35,000, which includes stamp duty and registration fees. The duty is charged on the higher of the guideline value and the sale price.

Where is the Sub Registrar Office for Trust Cross Link 3rd Street?

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