Guideline Value for TRUSTPURAM 7TH CROSS STREET

Trustpuram 7th Cross Street guideline value

The current guideline value of Trustpuram 7th 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 7th Cross Street has changed

The guideline value for Trustpuram 7th Cross Street has seen significant changes over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 1,095 per sq.ft. This increased to Rs 1,305 per sq.ft in 2003, marking a change of +19%. The value then rose to Rs 1,500 per sq.ft in 2007, a change of +15%. A substantial increase occurred in 2012, where the value jumped to Rs 6,500 per sq.ft, reflecting a change of +333%. However, from 2017 to 2023, the value decreased to Rs 4,355 per sq.ft, a decline of -33%. The most recent revision in 2024 saw the guideline value rise to Rs 7,100 per sq.ft, an increase of +9% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +548%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Puliyur

In Puliyur village, 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, positioning Trustpuram 7th Cross Street's 2024 figure above that median.

• Trustpuram 6th Cross Street (Tnscb Sites): Rs 7,100 per sq.ft (2024)
• Trustpuram 8th Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 6th Cross Street (Tnhb Sites): Rs 8,200 per sq.ft (2024)
• Trustpuram 9th Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram 5th Cross Street: Rs 7,100 per sq.ft (2024)
• Trustpuram Main Road: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Trustpuram 7th 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, resulting in a total of 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Trustpuram 7th Cross Street?

The Sub Registrar Office that covers Trustpuram 7th 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 factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions in the area. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Trustpuram 7th Cross Street?

The current guideline value of Trustpuram 7th 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, an overall increase of +548% over the years.

What is the land classification of Trustpuram 7th Cross Street?

Trustpuram 7th Cross Street is classified as Residential Special Type - II.

Where can I find the registration office for Trustpuram 7th Cross Street?

The registration office for Trustpuram 7th 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 higher of the guideline value or the sale price. 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%.