Guideline Value for TRUSTPURAM 8TH CROSS STREET

Trustpuram 8th Cross Street guideline value

The current guideline value of Trustpuram 8th 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 8th Cross Street has changed

The guideline value for Trustpuram 8th Cross Street has seen 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 change of +19%. The value then rose to Rs 1,400 per sq.ft in 2007, a change of +7%. A significant increase occurred in 2012, where the value jumped to Rs 6,500 per sq.ft, reflecting an increase of +364%. However, this figure remained unchanged until 2017, when it dropped to Rs 4,355 per sq.ft, a decrease of -33%. From 2017 to 2023, the value increased to Rs 6,500 per sq.ft, resulting in a rise of +49%. The most recent revision in 2024 set the value at Rs 7,100 per sq.ft, marking an increase of +9% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +548%. There are no figures available for the years not mentioned in the revisions for 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. Trustpuram 8th Cross Street's 2024 figure is above this median.

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

Stamp duty and registration fee for property in Trustpuram 8th 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 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Trustpuram 8th Cross Street?

The Sub Registrar Office that covers Trustpuram 8th 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 of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Trustpuram 8th Cross Street?

The current guideline value of Trustpuram 8th 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 several times, with the most recent revision in 2024 showing an increase of +9% from Rs 6,500 per sq.ft in 2023. Overall, from 2002 to 2024, the value has increased by +548%.

What is the classification of Trustpuram 8th Cross Street?

Trustpuram 8th Cross Street is classified as Residential Special Type - II under the Kodambakkam SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 6,39,000 based on the current guideline value.

Where is the Sub Registrar Office for Trustpuram 8th Cross Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, and it covers Trustpuram 8th Cross Street.