Guideline Value for TRUSTPURAM 4TH CROSS STREET

Trustpuram 4th Cross Street guideline value

The current guideline value of Trustpuram 4th 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 4th Cross Street has changed

The guideline value for Trustpuram 4th Cross Street has undergone several revisions over the years. In 2002, the value was Rs 1,095 per sq.ft, which increased to Rs 1,305 per sq.ft in 2003, marking a 19% rise. The value then saw a significant increase to Rs 1,800 per sq.ft in 2007, reflecting a 38% change. By 2012, the value was adjusted to Rs 6,500 per sq.ft, which was a substantial increase of 261% from the previous revision.

In 2017, the guideline value dropped to Rs 4,355 per sq.ft, representing a decrease of 33%. The value rose again in 2023 to Rs 6,500 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, which is a 9% increase from the previous year. There are no figures available for other revisions regarding 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, with a median value of Rs 5,800 per sq.ft. The guideline value of Trustpuram 4th Cross Street is above this median.

• Trustpuram 3rd Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 5th Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 2nd Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 6th Cross Street (Tnhb Sites): Rs 8,200 per sq.ft (2024)
• Trustpuram 1st Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 6th Cross Street (Tnscb Sites): Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Trustpuram 4th 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 to 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 information.

Which Sub Registrar Office covers Trustpuram 4th Cross Street?

The Sub Registrar Office that covers Trustpuram 4th 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 details.

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. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is conducted in accordance with legal requirements.

Additionally, the guideline value helps maintain transparency in property transactions by providing a standardized value for properties in specific areas. This ensures that both buyers and sellers have a clear understanding of the property’s worth based on the prevailing rates in the region.

Frequently asked questions

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

The current guideline value of Trustpuram 4th 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, reflecting an overall increase of 548% over this period.

What is the land classification for Trustpuram 4th Cross Street?

Trustpuram 4th Cross Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

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

The Kodambakkam Sub Registrar Office, which covers Trustpuram 4th Cross Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Trustpuram 4th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 71,00,000, with stamp duty calculated accordingly.