Guideline Value for Alcot Kuppam 3rd Cross Street

Alcot Kuppam 3rd Cross Street guideline value

The current guideline value of Alcot Kuppam 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO and is classified as Residential Class IV Type - III.

How the guideline value of Alcot Kuppam 3rd Cross Street has changed

The guideline value for Alcot Kuppam 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then dropped to Rs 2,680 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value surged to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 has increased it further to Rs 4,400 per sq.ft, representing a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the fluctuations in the intervening years.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. Alcot Kuppam 3rd Cross Street's 2024 figure is below this median.

• Alcot Kuppam 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Alcot Kuppam Housing Board: Rs 7,700 per sq.ft (2024)
• Alcot Kuppam 1st Cross Street: Rs 4,400 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 3rd Cross Street

For a 1,000 sq.ft plot 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, and 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 on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Alcot Kuppam 3rd Cross Street?

The Alcot Kuppam 3rd Cross Street falls under the Adayar Sub Registrar Office located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Urur. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as determined by the government. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Alcot Kuppam 3rd Cross Street?

The current guideline value of Alcot Kuppam 3rd 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 of Alcot Kuppam 3rd Cross Street?

Alcot Kuppam 3rd Cross Street is classified as Residential Class IV Type - III.

Where can I find the registration office for Alcot Kuppam 3rd Cross Street?

The registration office for Alcot Kuppam 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Alcot Kuppam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.