Guideline Value for TRUSTPURAM 2ND CROSS STREET

Trustpuram 2nd Cross Street guideline value

The current guideline value of Trustpuram 2nd 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, with a land classification of Residential Special Type - II.

How the guideline value of Trustpuram 2nd Cross Street has changed

The guideline value for Trustpuram 2nd Cross Street has undergone several revisions over the years. The earliest recorded value was Rs 1,095 per sq.ft in 2002, which increased to Rs 1,305 per sq.ft in 2003, marking a 19% rise. Following this, the value rose to Rs 1,800 per sq.ft in 2007, reflecting a 38% increase. The next revision in 2012 saw a significant jump to Rs 6,500 per sq.ft, which was a 261% increase from the previous figure. However, in 2017, the value dropped to Rs 4,355 per sq.ft, a decrease of 33%.

From 2017 to 2024, the guideline value surged to Rs 7,100 per sq.ft, representing a 63% increase. Overall, from the 2002 figure to the current 2024 value, there has been a substantial increase of 548%. It is important to note that the register has no figure for the year 2023 for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Trustpuram 2nd Cross Street's 2024 guideline value is above this median.

• Trustpuram 1st Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 3rd Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 10th 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 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total 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, bringing the total fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Trustpuram 2nd Cross Street?

The Sub Registrar Office that covers Trustpuram 2nd 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 more information.

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

The guideline value is a critical factor in property transactions in Puliyur, as it determines the minimum value at which property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally recognized.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for assessing property transactions and ensures transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Trustpuram 2nd Cross Street?

The current guideline value of Trustpuram 2nd 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 changed significantly, from Rs 1,095 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024. This represents an overall increase of 548% over the years.

What are the stamp duty and registration fees for property in Trustpuram 2nd Cross Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 6,39,000.

Which Sub Registrar Office covers Trustpuram 2nd Cross Street?

The Kodambakkam Sub Registrar Office covers Trustpuram 2nd Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Trustpuram 2nd Cross Street?

The land classification for Trustpuram 2nd Cross Street is Residential Special Type - II, indicating its suitability for residential purposes.