Guideline Value for Sai Enclave

Sai Enclave guideline value

The current guideline value of Sai Enclave in Chitlapakkam village is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Sai Enclave has changed

The guideline value for Sai Enclave has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, reflecting a 10% rise. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, which saw a significant increase of 49% by 2023.

In 2012, the guideline value was Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing Sai Enclave's 2024 figure above that median.

• Sai Nagar Extension1&3: Rs 2,750 per sq.ft (2024)
• Sairam Street: Rs 1,650 per sq.ft (2024)
• Sabari Street: Rs 3,300 per sq.ft (2024)
• Sakkarapani Street: Rs 1,650 per sq.ft (2024)
• Sakkarapani Street,Gomathi Street: Rs 2,750 per sq.ft (2024)
• Sakradish Street: Rs 2,750 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 2,750 per sq.ft, the total guideline value would amount to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Enclave?

The Sub Registrar Office that covers Sai Enclave is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sai Enclave?

The current guideline value of Sai Enclave is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sai Enclave has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification of Sai Enclave?

Sai Enclave is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sai Enclave?

The Sub Registrar Office for Sai Enclave is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office is under the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sai Enclave?

Stamp duty for properties in Sai Enclave is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.