Guideline Value for Sahaj Enclave/phase to 1 to IV

Sahaj Enclave/phase to 1 to IV guideline value

The current guideline value for Sahaj Enclave/phase to 1 to IV is Rs 2,970 per sq.ft, effective from 1 July 2024. This property is located in Mogalivakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sahaj Enclave/phase to 1 to IV has changed

In the 2017 revision, the guideline value was Rs 1,809 per sq.ft. This figure increased significantly to Rs 2,700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,970 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mogalivakkam

Mogalivakkam village has 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 guideline value for these streets is Rs 2,970 per sq.ft, which is equal to the current value for Sahaj Enclave/phase to 1 to IV.

• Sahaj Enclave Extension: Rs 3,400 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/phase to 1 to IV

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, leading to a total of Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sahaj Enclave/phase to 1 to IV?

The Sahaj Enclave/phase to 1 to IV property falls under the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Mogalivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered alongside the sale price to ensure that the appropriate fees are calculated. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Sahaj Enclave/phase to 1 to IV?

The current guideline value for Sahaj Enclave/phase to 1 to IV is Rs 2,970 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,809 per sq.ft to Rs 2,970 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the registration office for Sahaj Enclave/phase to 1 to IV?

The registration office for Sahaj Enclave/phase to 1 to IV is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Mogalivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 29,70,000, the stamp duty at 7% would be Rs 2,07,900.

Are there other streets in Mogalivakkam with the same guideline value?

Yes, there are several other streets in Mogalivakkam that have a guideline value of Rs 2,970 per sq.ft in 2024, including Sabari Nagar Extension Part III and R.G.L. Colony Phase III, among others.