Guideline Value for SAGAJ ENCLAVE MAIN ROAD

Sagaj Enclave Main Road guideline value

The current guideline value of Sagaj Enclave Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sagaj Enclave Main Road has changed

The guideline value for Sagaj Enclave Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the previous 2017 revision of Rs 1,340 per sq.ft. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest 2024 revision raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is a 10% increase. The revisions for the years 2002, 2003, and 2007 do not have figures listed for this street in the register.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, indicating that Sagaj Enclave Main Road's 2024 figure is below that median. Below are some other streets in Manapakkam:

• Sagaj Enclave Tank Road: Rs 2,200 per sq.ft (2024)
• Riverview Enclave: Rs 3,300 per sq.ft (2024)
• Riverview Colony Yamuna Street: Rs 3,300 per sq.ft (2024)
• Riverview Colony Park Road: Rs 3,300 per sq.ft (2024)
• Riverview Colony Narmatha Street: Rs 3,300 per sq.ft (2024)
• Riverview Colony Link Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sagaj Enclave Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Sagaj Enclave Main Road?

The Sub Registrar Office that covers Sagaj Enclave Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manapakkam. It determines the minimum value at which the property must be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sagaj Enclave Main Road?

The current guideline value of Sagaj Enclave Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How often does the guideline value change?

The guideline value is revised periodically, with recent revisions occurring in 2012, 2017, 2023, and 2024. Each revision can reflect changes in the property market and local conditions.

What was the guideline value in 2017?

The guideline value for Sagaj Enclave Main Road in 2017 was Rs 1,340 per sq.ft. This was followed by a revision that increased the value in 2023.

How does the guideline value compare to other streets in Manapakkam?

The guideline value for Sagaj Enclave Main Road is Rs 2,200 per sq.ft, which is below the median guideline value of Rs 2,530 per sq.ft for other streets in Manapakkam.

Where can I find more information about stamp duty and registration fees?

For more information regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator available online.