Guideline Value for Urur Kuppam Slum

Urur Kuppam Slum guideline value

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

How the guideline value of Urur Kuppam Slum has changed

The guideline value for Urur Kuppam Slum has undergone several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value increased to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, comparing the values from 2012 to 2024, there has been an increase of 10%.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO with the 2024 guideline values 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 Urur Kuppam Slum's 2024 figure below that median.

• Urur Kuppam Road: Rs 5,500 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 Slum

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Urur Kuppam Slum?

The Sub Registrar Office that covers Urur Kuppam Slum is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. 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 an essential figure used during the registration of property transactions. It helps determine the stamp duty and registration fees that must be paid when a property is bought or sold.

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

Frequently asked questions

What is the current guideline value of Urur Kuppam Slum?

The current guideline value of Urur Kuppam Slum 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 to Rs 4,000 per sq.ft in 2023, and currently to Rs 4,400 per sq.ft in 2024.

What is the stamp duty for properties in Urur Kuppam Slum?

The stamp duty for properties in Urur Kuppam Slum is 7% of the guideline value or sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It is compared against the sale price, and the higher value is used for fee calculations.