Guideline Value for CRESENT ENCLAVE

Cresent Enclave guideline value

The current guideline value of Cresent Enclave in Serapanancheri village, under the Padappai SRO, is Rs 4,440 per sq.ft, effective from 1 July 2024. This property is classified as Residential Class I Type - II.

How the guideline value of Cresent Enclave has changed

The guideline value for Cresent Enclave has seen significant changes over the years. In the 2017 revision, the value was Rs 2,700 per sq.ft. This increased to Rs 4,030 per sq.ft in the 2023 revision, representing a 49% increase. The most recent revision in 2024 marked a further increase to Rs 4,440 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,440 per sq.ft. The median guideline value for these streets is Rs 720 per sq.ft, placing Cresent Enclave's 2024 figure significantly above that median.

• Dhanalakshmi Nagar: Rs 720 per sq.ft (2024)
• Ezhil Nagar: Rs 720 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 720 per sq.ft (2024)
• Gajalakshmi Nagar Extension: Rs 990 per sq.ft (2024)
• Balaji Nagar: Rs 720 per sq.ft (2024)
• Anna Nagar S.Nos.108/1b, 111/8b, 111/2, 111/3: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Cresent Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 4,440 per sq.ft, the total guideline value would be Rs 44,40,000. The stamp duty at 7% would amount to Rs 3,10,800, and the registration fee at 2% would be Rs 88,800, bringing the total cost for these fees to Rs 3,99,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cresent Enclave?

The Sub Registrar Office that covers Cresent Enclave is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Serapanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to assess the applicable fees, ensuring that both parties are aware of the financial obligations involved. This helps maintain transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Cresent Enclave?

The current guideline value of Cresent Enclave is Rs 4,440 per sq.ft as per the 2024 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,700 per sq.ft to Rs 4,440 per sq.ft in 2024, marking a total increase of 64% over the seven years.

What is the registration office for Cresent Enclave?

The Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone, covers Cresent Enclave.

How is stamp duty calculated for properties in Cresent Enclave?

Stamp duty for properties in Cresent Enclave is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 3,10,800.

What other streets have guideline values in Serapanancheri?

Other streets in Serapanancheri include Dhanalakshmi Nagar, Ezhil Nagar, Gajalakshmi Nagar, Gajalakshmi Nagar Extension, Balaji Nagar, and Anna Nagar, each with their respective guideline values ranging from Rs 720 to Rs 990 per sq.ft in 2024.