Guideline Value for SAHAJ ENCLAVE EXTENSION

Sahaj Enclave Extension guideline value

The current guideline value of Sahaj Enclave Extension is Rs 3,400 per sq.ft, effective from 1 July 2024. This area is located in Mogalivakkam village and falls under the Kunrathur SRO. The land classification for this street is Residential Class V Type - V.

How the guideline value of Sahaj Enclave Extension has changed

In the 2017 revision, the guideline value was Rs 3,082 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,400 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a 10% increase in the guideline value.

It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, making the guideline value of Sahaj Enclave Extension above this median.

• Sahaj Enclave/phase to 1 to IV: Rs 2,970 per sq.ft (2024)
• Sabari Nagar Extension Part III: Rs 2,970 per sq.ft (2024)
• Sabari Nagar Extension: Rs 2,970 per sq.ft (2024)
• Sabari Nagar: Rs 2,970 per sq.ft (2024)
• R.G.L. Colony Phase III: Rs 2,970 per sq.ft (2024)
• Santhosh Nagar & Extension: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Sahaj Enclave Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total charges to Rs 3,06,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sahaj Enclave Extension?

The Sahaj Enclave Extension is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Mogalivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official register. This value is used to calculate the applicable taxes and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sahaj Enclave Extension?

The current guideline value of Sahaj Enclave Extension is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,082 per sq.ft in 2017 to Rs 3,400 per sq.ft in 2024, representing a 10% increase. There was no change in the value from 2017 to 2023.

What is the land classification for Sahaj Enclave Extension?

Sahaj Enclave Extension is classified as Residential Class V Type - V. This classification is important for determining the guideline value and applicable regulations.

Where can I find the registration office for Sahaj Enclave Extension?

The registration office that covers Sahaj Enclave Extension is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property in Sahaj Enclave Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 2,38,000.