Guideline Value for Cresent Road

Cresent Road guideline value

The current guideline value of Cresent Road is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Adayar village and falls under the Adayar SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Cresent Road has changed

The guideline value for Cresent Road has seen several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased significantly to Rs 8,500 per sq.ft in 2012. However, it then decreased to Rs 5,695 per sq.ft in 2017. The value rose again to Rs 8,500 per sq.ft in 2023, before reaching the current figure of Rs 9,400 per sq.ft in 2024, marking an increase of 11% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 213%. Notably, there are no figures available for the years 2002 and 2003 for this particular street.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, placing Cresent Road's 2024 figure above this median.

• Cresent Park Road: Rs 9,400 per sq.ft (2024)
• Circular Road: Rs 6,600 per sq.ft (2024)
• Chitra Nagar: Rs 5,500 per sq.ft (2024)
• Bharathi Nagar Tank Square Street: Rs 6,100 per sq.ft (2024)
• Bharathi Nagar Nethaji Street: Rs 6,100 per sq.ft (2024)
• Bharathi Nagar Main Road: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Cresent Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value would be Rs 94,00,000. The stamp duty at 7% would amount to Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, bringing the total cost for these fees to Rs 8,46,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Cresent Road?

Cresent Road falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value ensures that the transaction is recorded accurately in the official register, reflecting the appropriate fees based on the current values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Cresent Road?

The current guideline value of Cresent Road is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of 213% over the years.

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

For a property with a guideline value of Rs 94,00,000, the stamp duty would be Rs 6,58,000, and the registration fee would be Rs 1,88,000, totaling Rs 8,46,000.

Which office handles registrations for Cresent Road?

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

What is the land classification for Cresent Road?

The land classification for Cresent Road is Residential Special Type - II, indicating its designated use for residential purposes.