Guideline Value for Trust Square Iind Street

Trust Square Iind Street guideline value

The current guideline value of Trust Square Iind Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - II.

How the guideline value of Trust Square Iind Street has changed

The guideline value for Trust Square Iind Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 1,200 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, followed by a decrease to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and finally reached Rs 5,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 358%. The changes between revisions include a 317% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a substantial 49% increase from 2017 to 2023. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, placing Trust Square Iind Street's 2024 figure above this median.

• Trust Square: Rs 5,500 per sq.ft (2024)
• Trust Square Ist Cross Street: Rs 5,500 per sq.ft (2024)
• Ujjainee Street: Rs 4,900 per sq.ft (2024)
• United India Nagar 2nd cross Street: Rs 5,500 per sq.ft (2024)
• United India Nagar 2nd Main Road: Rs 5,500 per sq.ft (2024)
• United India Nagar 3rd cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Trust Square Iind Street

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Trust Square Iind Street?

The Sub Registrar Office covering Trust Square Iind Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Trust Square Iind Street?

The current guideline value of Trust Square Iind Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 358% over the years.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, with Trust Square Iind Street's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Trust Square Iind Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 4,95,000, based on the guideline value of Rs 55,00,000.

Where is the Sub Registrar Office for Trust Square Iind Street located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.