Guideline Value for TRUSTPURAM 5TH CROSS STREET

Trustpuram 5th Cross Street guideline value

The current guideline value of Trustpuram 5th 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 5th Cross Street has changed

The guideline value for Trustpuram 5th Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,095 per sq.ft. This value increased to Rs 1,305 per sq.ft in 2003, marking a 19% rise. By 2007, the value jumped significantly to Rs 1,800 per sq.ft, reflecting a 38% increase. The 2012 revision saw the value rise to Rs 6,500 per sq.ft, a substantial increase of 261% from the previous figure. However, in 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The guideline value then increased to Rs 6,500 per sq.ft in 2023, followed by the current value of Rs 7,100 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 548%. Notably, there are no figures for the revisions in years not listed in the register.

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 in this area is Rs 5,800 per sq.ft, making the current guideline value of Trustpuram 5th Cross Street above the median.

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

Stamp duty and registration fee for property in Trustpuram 5th 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 would be Rs 71,00,000. The stamp duty at 7% would amount to 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 more detailed calculations.

Which Sub Registrar Office covers Trustpuram 5th Cross Street?

The Sub Registrar Office that covers Trustpuram 5th 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 crucial element in the registration process when buying or selling property in Puliyur. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When a property is registered, the guideline value is assessed to determine the applicable taxes. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Trustpuram 5th Cross Street?

The current guideline value of Trustpuram 5th 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, representing an overall increase of 548% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Trustpuram 5th Cross Street's current value being above this median.

What are the stamp duty and registration fees for property in Trustpuram 5th Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 71,00,000, leading to a stamp duty of Rs 4,97,000 and a registration fee of Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office covers Trustpuram 5th Cross Street?

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