Guideline Value

Corporate

Guideline Value for CRESCENT ROAD (NORTH)

₹8300/sq.ft.

The guideline value for Crescent Road (north) in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 8300 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹8300 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4651 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1781 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Crescent Road (north)

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Crescent Road (North) guideline value

The current guideline value of Crescent Road (North) is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Crescent Road (North) has changed

The guideline value for Crescent Road (North) has undergone several revisions over the years. In 2003, the guideline value was Rs 1,781 per sq.ft. This figure increased significantly to Rs 4,651 per sq.ft in 2007, marking a rise of 161%. Following this, the value rose to Rs 7,500 per sq.ft in 2012, which was a 61% increase. However, in 2017, the value decreased to Rs 5,025 per sq.ft, reflecting a drop of 33%. The value then increased again to Rs 7,500 per sq.ft in 2023, and most recently, it reached Rs 8,300 per sq.ft in 2024, showing an 11% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 366%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Tnagar

Crescent Road (North) is one of 262 streets in Tnagar under the Thiyagaraya nagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, which means that Crescent Road (North) is below this median.

Stamp duty and registration fee for property in Crescent Road (North)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total fees together to Rs 7,47,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Crescent Road (North)?

The Sub Registrar Office that covers Crescent Road (North) is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the buyer and seller must refer to the guideline value to ensure that the correct fees are applied. This value helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Crescent Road (North)?

The current guideline value of Crescent Road (North) is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,781 per sq.ft in 2003 to Rs 8,300 per sq.ft in 2024, reflecting an overall increase of 366% over this period.

What are the other streets in Tnagar with their guideline values?

Other streets in Tnagar include Crescent Road (East) at Rs 8,300 per sq.ft, Crescent Park Street at Rs 9,900 per sq.ft, and Corporation Line at Rs 4,400 per sq.ft, among others.

What are the stamp duty and registration fees for property in Crescent Road (North)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 7,47,000.

Which office handles the registration for Crescent Road (North)?

The registration for Crescent Road (North) is handled by the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.