Guideline Value for SAI ENCLAVE

Sai Enclave guideline value

The current guideline value of Sai Enclave, located in Kannivakkam village under the Thiruporur SRO, is Rs 1,493 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Mixed Special Type - III.

How the guideline value of Sai Enclave has changed

According to the guideline value register, there are no figures available for Sai Enclave for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 1,493 per sq.ft, showing no change from the previous year.

The 2024 revision also holds the guideline value at Rs 1,493 per sq.ft, reflecting a change of +0% from the 2023 revision. This stability indicates that the guideline value has remained consistent over the last two years.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft, with a median value of Rs 1,050 per sq.ft. Sai Enclave's 2024 guideline value is above this median, indicating a relatively higher valuation within the village.

• Sai Chitra Nagar: Rs 1,100 per sq.ft (2024)
• Sakthi Nagar: Rs 500 per sq.ft (2024)
• Sanjai Nagar Phase - I: Rs 1,600 per sq.ft (2024)
• Saraswathi Avenue: Rs 900 per sq.ft (2024)
• Sarathy Nagar Phase-I, Phase-II: Rs 900 per sq.ft (2024)
• Selli Amman Avenue: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value amounts to Rs 14,93,000. The stamp duty at 7% would be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total cost to Rs 1,34,370. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Sai Enclave?

The Sai Enclave area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kannivakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the government authorities.

When a property is registered, the guideline value helps in calculating the taxes owed, which are based on either the guideline value or the sale price, whichever is higher. This ensures compliance with local regulations and aids in the proper documentation of property transactions.

Frequently asked questions

What is the current guideline value of Sai Enclave?

The current guideline value of Sai Enclave is Rs 1,493 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sai Enclave has remained at Rs 1,493 per sq.ft for both the 2023 and 2024 revisions, showing no change. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the registration office for Sai Enclave?

The registration office that covers Sai Enclave is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sai Enclave?

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 results in a total guideline value of Rs 14,93,000.

What are the guideline values of other streets in Kannivakkam?

Other streets in Kannivakkam have varying guideline values, with rates ranging from Rs 450 to Rs 2,389 per sq.ft. Sai Enclave's value of Rs 1,493 per sq.ft is above the median value of Rs 1,050 per sq.ft for the area.