Guideline Value

Corporate

Guideline Value for CRESENT PARK ROAD

₹9900/sq.ft.

The guideline value for Cresent Park Road in Tnagar village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
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 Cresent Park Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Cresent Park Road guideline value

The current guideline value of Cresent Park Road is Rs 9,900 per sq.ft, effective from 1 July 2024. This road is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Special Type - II.

How the guideline value of Cresent Park Road has changed

The guideline value for Cresent Park Road has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 9,000 per sq.ft. This value remained the same until the next revision in 2017, where it dropped to Rs 6,030 per sq.ft, a decrease of 33%. In 2023, the guideline value increased significantly to Rs 9,000 per sq.ft, and further rose to Rs 9,900 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between 2017 and 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. The guideline value for Cresent Park Road is below this median.

Stamp duty and registration fee for property in Cresent Park Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total fees to Rs 8,91,000. 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 details.

Which Sub Registrar Office covers Cresent Park Road?

The Sub Registrar Office that covers Cresent Park Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for further assistance.

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 is used to determine the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must be aware of the guideline value to ensure they comply with the legal requirements during the registration process.

When a property is sold, the guideline value is assessed to calculate the applicable fees. The fees are based on the higher of the guideline value or the sale price, which ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cresent Park Road?

The current guideline value of Cresent Park Road is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,000 in 2012 to Rs 6,030 in 2017, then back to Rs 9,000 in 2023, and finally to Rs 9,900 in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the classification of Cresent Park Road?

Cresent Park Road is classified as Residential Special Type - II, indicating its designation for residential purposes.

Where can I find the Thiyagaraya nagar SRO?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Tnagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 99,00,000 would incur a stamp duty of Rs 6,93,000 at 7%.