Guideline Value for LOGAIYA NAIDU AVENUE

Logaiya Naidu Avenue guideline value

The current guideline value of Logaiya Naidu Avenue is Rs 285 per sq.ft, effective from 1 July 2024. This street is located in Ulunthai village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Logaiya Naidu Avenue has changed

Since the 2017 revision, the guideline value for Logaiya Naidu Avenue has remained constant at Rs 285 per sq.ft. The 2023 revision also recorded the same value, and the 2024 revision, effective from 1 July 2024, continues this trend with no change in the guideline value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the overall change from the 2017 revision to the 2024 revision is +0%.

Guideline values in Ulunthai

In Ulunthai, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 426 per sq.ft. The median value for these streets is Rs 150 per sq.ft, making the 2024 figure for Logaiya Naidu Avenue above the median.

• Little Orchars: Rs 150 per sq.ft (2024)
• Main Road: Rs 150 per sq.ft (2024)
• Mandhaiveli Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Muthiriyar Street: Rs 150 per sq.ft (2024)
• Nadu Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Logaiya Naidu Avenue

For a 1,000 sq.ft plot at the current rate of Rs 285 per sq.ft, the guideline value would be Rs 2,85,000. The stamp duty at 7% would amount to Rs 19,950, and the registration fee at 2% would be Rs 5,700, totaling Rs 25,650. It is important to note that the 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 Logaiya Naidu Avenue?

The Sub Registrar Office that covers Logaiya Naidu Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Ulunthai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate taxes based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Logaiya Naidu Avenue?

The current guideline value of Logaiya Naidu Avenue is Rs 285 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has remained at Rs 285 per sq.ft through the 2023 and 2024 revisions, with no changes recorded.

What is the land classification for Logaiya Naidu Avenue?

Logaiya Naidu Avenue is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property in Logaiya Naidu Avenue?

For a 1,000 sq.ft plot at the current guideline value of Rs 285 per sq.ft, the total stamp duty and registration fees would amount to Rs 25,650.

Where can I find the Sub Registrar Office for Logaiya Naidu Avenue?

The Sub Registrar Office for Logaiya Naidu Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.