Guideline Value for TRUSTPURAM MAIN ROAD

Trustpuram Main Road guideline value

The current guideline value of Trustpuram Main Road in Puliyur village, under the Kodambakkam SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Trustpuram Main Road has changed

The guideline value for Trustpuram Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, where it was Rs 1,095 per sq.ft. This value increased to Rs 1,305 per sq.ft in 2003, marking a change of +19%. The value then rose significantly to Rs 2,000 per sq.ft in 2007, a change of +53%. In 2012, the guideline value was recorded at Rs 6,500 per sq.ft, which was a substantial increase of +225% from the previous revision. However, it then decreased to Rs 4,355 per sq.ft in 2017, reflecting a change of -33%.

From 2017 to 2023, the value increased to Rs 6,500 per sq.ft, which is a rise of +49%. The most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, showing an increase of +9% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +548%.

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 value for these streets is Rs 5,800 per sq.ft, placing Trustpuram Main Road's 2024 figure above this median.

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

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, making the total charges 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 Main Road?

The Sub Registrar Office that covers Trustpuram Main Road is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Puliyur

When buying or selling property in Puliyur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The property’s sale price or the guideline value, whichever is higher, is taken into account for calculating these charges.

It is essential to be aware of the current guideline value before proceeding with any transaction, as it directly affects the financial obligations involved in property registration. Buyers and sellers should ensure they are informed about the latest values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Trustpuram Main Road?

The current guideline value of Trustpuram Main Road 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 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 the years.

What is the land classification for Trustpuram Main Road?

Trustpuram Main Road is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the total charges would be Rs 6,39,000.

Which office handles property registration for Trustpuram Main Road?

The Kodambakkam Sub Registrar Office handles property registration for Trustpuram Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.