Guideline Value for SAI BABA KOVIL SALAI

Sai Baba Kovil Salai guideline value

The current guideline value of Sai Baba Kovil Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sai Baba Kovil Salai has changed

The guideline value for Sai Baba Kovil Salai has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 shows a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sai Baba Kovil Salai's 2024 figure above this median.

• Sai Baba Kovil Cross Salai: Rs 3,300 per sq.ft (2024)
• Royal Enclave Extension: Rs 3,900 per sq.ft (2024)
• Royal Enclave: Rs 3,900 per sq.ft (2024)
• R.K.Nagar Road: Rs 1,700 per sq.ft (2024)
• R.K.Nagar: Rs 1,700 per sq.ft (2024)
• Sampantham Garden: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Baba Kovil Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that 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 Sai Baba Kovil Salai?

The Sai Baba Kovil Salai falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

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

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the value reflects the current market conditions as per the registration department's records. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Sai Baba Kovil Salai?

The current guideline value of Sai Baba Kovil Salai is Rs 3,300 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 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft, with Sai Baba Kovil Salai's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Sai Baba Kovil Salai?

For a plot of 1,000 sq.ft, the total guideline value is Rs 33,00,000. The stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles property registrations for Sai Baba Kovil Salai?

The Neelankarai Sub Registrar Office handles property registrations for Sai Baba Kovil Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.