Guideline Value for TRUSTPURAM 1ST CROSS STREET

Trustpuram 1st Cross Street guideline value

The current guideline value of Trustpuram 1st Cross Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Trustpuram 1st Cross Street has changed

The guideline value for Trustpuram 1st Cross Street has seen several revisions over the years. Starting from Rs 1,095 per sq.ft in 2002, it increased to Rs 1,203 per sq.ft in 2003, marking a 10% rise. The value then jumped significantly to Rs 1,800 per sq.ft in 2007, reflecting a 50% increase. By 2012, the guideline value reached Rs 6,500 per sq.ft, which was a substantial 261% increase from the 2007 figure.

In the latest revision for 2024, the guideline value stands at Rs 7,100 per sq.ft, which is a 9% increase from 2012. Overall, from 2002 to 2024, the guideline value has increased by 548%. The register has no figures for the years 2017 and 2023 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, placing Trustpuram 1st Cross Street's 2024 figure above that median.

• Trustpuram 10th Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 2nd Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 3rd Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 4th Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 5th Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 6th Cross Street (Tnhb Sites): Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Trustpuram 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Trustpuram 1st Cross Street?

The Sub Registrar Office that covers Trustpuram 1st Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Puliyur

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

When a property is sold, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as the guideline value reflects the official assessment of property values in the area.

Frequently asked questions

What is the current guideline value of Trustpuram 1st Cross Street?

The current guideline value of Trustpuram 1st Cross Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,095 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 548% over the years.

What is the land classification for Trustpuram 1st Cross Street?

Trustpuram 1st Cross Street is classified as Residential Special Type - II, indicating its designation for residential use.

Where can I find the registration office for Trustpuram 1st Cross Street?

The registration office for Trustpuram 1st Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Trustpuram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at a rate of 7%.