Guideline Value for Cresent Avenue Road

Cresent Avenue Road guideline value

The current guideline value of Cresent Avenue Road in Kottur village, under the Adayar SRO, is Rs 8,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Cresent Avenue Road has changed

The guideline value for Cresent Avenue Road has seen several revisions over the years. In 2007, the value was Rs 4,500 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012. However, this value decreased to Rs 5,360 per sq.ft in 2017. Following this, the value rose significantly to Rs 8,000 per sq.ft in 2023, and most recently to Rs 8,800 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 96%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 6,100 per sq.ft, placing Cresent Avenue Road's 2024 value above this median.

• Circular Road: Rs 6,600 per sq.ft (2024)
• Canal Bank Road West: Rs 6,600 per sq.ft (2024)
• Canal Bank Road South: Rs 6,600 per sq.ft (2024)
• Canal Bank Road North: Rs 6,600 per sq.ft (2024)
• Canal Bank Road Lane: Rs 6,600 per sq.ft (2024)
• Canal Bank Road East: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Cresent Avenue Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cresent Avenue Road?

The Cresent Avenue Road falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Kottur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property registration. Understanding these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Cresent Avenue Road?

The current guideline value of Cresent Avenue Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, representing an overall increase of 96% over the years.

What are the stamp duty and registration fees for properties on Cresent Avenue Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 88,00,000, the total fees would amount to Rs 7,92,000.

Which Sub Registrar Office covers Cresent Avenue Road?

The Adayar Sub Registrar Office covers Cresent Avenue Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Cresent Avenue Road?

Cresent Avenue Road is classified as Residential Class I Type - I, indicating its suitability for residential developments.