Guideline Value for Urur Kuppam Road

Urur Kuppam Road guideline value

The current guideline value of Urur Kuppam Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Urur village under the Adayar SRO, classified as Residential Class IV Type - I.

How the guideline value of Urur Kuppam Road has changed

The guideline value for Urur Kuppam Road has seen several revisions over the years. The earliest recorded revision in 2003 set the value at Rs 830 per sq.ft. This increased to Rs 1,500 per sq.ft in 2007, marking a significant rise of 81%. In 2012, the value adjusted to Rs 5,000 per sq.ft, reflecting a substantial increase of 233%. However, it then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The next revision in 2023 saw the value rise to Rs 5,000 per sq.ft, followed by the current value of Rs 5,500 per sq.ft from 2024, which is a 10% increase from the previous year.

It is important to note that there is no recorded guideline value for Urur Kuppam Road in 2002. Overall, from 2003 to 2024, the guideline value has increased by 563%.

Guideline values in Urur

In Urur village, there are a total of 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, indicating that Urur Kuppam Road's current value is below this median.

• Urur Kuppam Slum: Rs 4,400 per sq.ft (2024)
• Vannan Thurai Road: Rs 7,700 per sq.ft (2024)
• Vasantha Press Road: Rs 5,500 per sq.ft (2024)
• Vasantha Press South Lane: Rs 5,500 per sq.ft (2024)
• Thiruvalluvar Nagar 4th Street: Rs 6,100 per sq.ft (2024)
• Thiruvalluvar Nagar 3rd Street: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Urur Kuppam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000. Together, the total cost for these fees would be Rs 4,95,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Urur Kuppam Road?

The Sub Registrar Office that covers Urur Kuppam Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for any 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 Kuppam Road. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Urur Kuppam Road?

The current guideline value of Urur Kuppam Road 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 significantly, increasing from Rs 830 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, an overall increase of 563%.

What is the stamp duty for property on Urur Kuppam Road?

The stamp duty for property on Urur Kuppam Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Urur Kuppam Road?

The Sub Registrar Office for Urur Kuppam Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the other streets in Urur with guideline values?

Other streets in Urur include Urur Kuppam Slum at Rs 4,400 per sq.ft, Vannan Thurai Road at Rs 7,700 per sq.ft, and several others with values ranging from Rs 5,500 to Rs 6,100 per sq.ft.