Guideline Value for TRUST CROSS LINK 4TH STREET

Trust Cross Link 4th Street guideline value

The current guideline value of Trust Cross Link 4th 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 4th Street has changed

The guideline value for Trust Cross Link 4th Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 10,500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 11,500 per sq.ft, marking a change of +10% from the 2012 figure.

For the years 2002, 2003, 2007, 2017, and 2023, the guideline value register has no figure for Trust Cross Link 4th Street. Thus, the only figures available are from 2012 and the current 2024 revision.

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. The median value among these streets is Rs 8,800 per sq.ft, placing Trust Cross Link 4th Street's 2024 figure above the median.

• Trust Cross Link 3rd Street: Rs 11,500 per sq.ft (2024)
• Trustpakkam: Rs 7,700 per sq.ft (2024)
• Trust Cross Link 2nd Street: Rs 11,500 per sq.ft (2024)
• Trustpakkam North Street: Rs 7,700 per sq.ft (2024)
• Trust Cross Link 1st Street: Rs 11,500 per sq.ft (2024)
• Trustpakkam South Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Trust Cross Link 4th 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, charged at 7%, would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000. Together, these fees total Rs 10,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Trust Cross Link 4th Street?

The Sub Registrar Office that covers Trust Cross Link 4th 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 plays a crucial role in the registration process of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that all transactions are fairly assessed according to the established rates.

Frequently asked questions

What is the current guideline value of Trust Cross Link 4th Street?

The current guideline value of Trust Cross Link 4th 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 for Trust Cross Link 4th Street was Rs 10,500 per sq.ft in 2012 and has increased to Rs 11,500 per sq.ft in 2024, reflecting a change of +10%.

Are there any years without a recorded guideline value for this street?

Yes, the guideline value register has no figures for Trust Cross Link 4th Street for the years 2002, 2003, 2007, 2017, and 2023.

What is the median guideline value in Mylapore?

The median guideline value for streets in Mylapore is Rs 8,800 per sq.ft, which is below the current value of Trust Cross Link 4th Street.

Where can I find the Sub Registrar Office for Trust Cross Link 4th Street?

The Mylapore Sub Registrar Office covers Trust Cross Link 4th Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.