Guideline Value for TRUSTPURAM 6TH CROSS STREET (TNHB SITES)

Trustpuram 6th Cross Street (Tnhb Sites) guideline value

The current guideline value of Trustpuram 6th Cross Street (Tnhb Sites) is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the jurisdiction of the Kodambakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Trustpuram 6th Cross Street (Tnhb Sites) has changed

Over the years, the guideline value of Trustpuram 6th Cross Street (Tnhb Sites) has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,800 per sq.ft. This figure increased dramatically to Rs 7,500 per sq.ft in the 2012 revision, marking a rise of 317%. However, the value decreased to Rs 5,025 per sq.ft in 2017, a drop of 33%. The next revision in 2023 saw the value increase to Rs 7,500 per sq.ft, followed by a further increase to the current rate of Rs 8,200 per sq.ft in 2024, which is a rise of 9%.

There are no recorded figures for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 rate, the guideline value has increased by 356%.

Guideline values in Puliyur

Puliyur village has a total of 648 streets under the Kodambakkam SRO, with guideline values 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, placing Trustpuram 6th Cross Street (Tnhb Sites) above this median.

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

Stamp duty and registration fee for property in Trustpuram 6th Cross Street (Tnhb Sites)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would amount to Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total fees to Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Trustpuram 6th Cross Street (Tnhb Sites)?

The Sub Registrar Office covering Trustpuram 6th Cross Street (Tnhb Sites) 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 plays a crucial role in the registration process of property transactions in Puliyur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

This value serves as a benchmark for property transactions, providing a standard reference point that helps in assessing the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Trustpuram 6th Cross Street (Tnhb Sites)?

The current guideline value of Trustpuram 6th Cross Street (Tnhb Sites) is Rs 8,200 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 1,800 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 356% over the years.

What are the other streets in Puliyur and their guideline values?

Other streets in Puliyur include Trustpuram 5th Cross Street, Trustpuram 4th Cross Street, Trustpuram 7th Cross Street, Trustpuram 3rd Cross Street, and Trustpuram 8th Cross Street, all having a guideline value of Rs 7,100 per sq.ft in 2024, except for Trustpuram 6th Cross Street (Tnhb Sites) which is Rs 8,200 per sq.ft.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is generally set at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees may also apply.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. This office handles the registration of properties in the area.