Guideline Value for Alcot Kuppam 2nd Cross Street

Alcot Kuppam 2nd Cross Street guideline value

The current guideline value of Alcot Kuppam 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Urur village and falls under the Adayar SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Alcot Kuppam 2nd Cross Street has changed

The guideline value for Alcot Kuppam 2nd Cross Street has seen several revisions over the years. In 2012, the value was Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for Alcot Kuppam 2nd Cross Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Alcot Kuppam 2nd Cross Street's 2024 figure below this median.

• Alcot Kuppam 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Alcot Kuppam 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Alcot Kuppam Housing Board: Rs 7,700 per sq.ft (2024)
• Alcot Kuppam Main Road: Rs 7,700 per sq.ft (2024)
• Alcot Kuppam Road: Rs 7,700 per sq.ft (2024)
• Alcot Kuppam Slum: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Alcot Kuppam 2nd Cross Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total cost to Rs 3,96,000. It is important to note that the duty is charged based on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Alcot Kuppam 2nd Cross Street?

The Alcot Kuppam 2nd Cross Street falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urur. It determines the stamp duty and registration fees that must be paid at the time of registration, ensuring that the transaction is officially recorded and complies with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alcot Kuppam 2nd Cross Street?

The current guideline value of Alcot Kuppam 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Alcot Kuppam 2nd Cross Street?

The land classification for Alcot Kuppam 2nd Cross Street is Residential Class IV Type - III.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for Alcot Kuppam 2nd Cross Street?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for Alcot Kuppam 2nd Cross Street.