Guideline Value for Crescent Enclave

Crescent Enclave guideline value

The current guideline value of Crescent Enclave, located in Thiruvamputheri village under the Tambaram Joint 1 SRO, is Rs 4,440 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Crescent Enclave has changed

The guideline value for Crescent Enclave has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which set the value at Rs 2,700 per sq.ft. This was followed by a significant increase to Rs 4,030 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 4,440 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Thiruvamputheri

While there are no specific village figures provided, Crescent Enclave's guideline value is part of the broader context of Thiruvamputheri. The following are other streets in Thiruvamputheri under the Tambaram Joint 1 SRO:

• Harish Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Crescent Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 4,440 per sq.ft, the total guideline value amounts to Rs 44,40,000. The stamp duty at 7% would be Rs 3,10,800, and the registration fee at 2% would be Rs 88,800, making the total fees together Rs 3,99,600. Please 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 Enclave?

The Sub Registrar Office that covers Crescent Enclave is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Thiruvamputheri, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property registration. Understanding this value can help in budgeting for the additional costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Crescent Enclave?

The current guideline value of Crescent Enclave is Rs 4,440 per sq.ft, effective from 1 July 2024.

How 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 an overall increase of 64%.

What are the stamp duty and registration fees for property in Crescent Enclave?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,10,800, and the registration fee would be Rs 88,800, totaling Rs 3,99,600.

Which Sub Registrar Office covers Crescent Enclave?

The Tambaram Joint 1 Sub Registrar Office covers Crescent Enclave, located at No.26, Mes Road, East Tambaram, Chennai-600059.

Are there other streets in Thiruvamputheri with guideline values?

Yes, other streets in Thiruvamputheri include Harish Nagar, which has a guideline value of Rs 1,100 per sq.ft as of 2024.