Guideline Value for LOGAMBAL ST

Logambal St guideline value

The current guideline value of Logambal St in Vilingiyambakkam village is Rs 810 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Logambal St has changed

The guideline value for Logambal St has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 650 per sq.ft. In 2017, the value decreased to Rs 435 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 650 per sq.ft, followed by another rise to Rs 810 per sq.ft in 2024, which is a 25% increase from the previous year.

There are no recorded figures for Logambal St in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Logambal St is below this median.

• Lal Bahadur Sasthiri St: Rs 810 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,625 per sq.ft (2024)
• Mahizakpoo St: Rs 935 per sq.ft (2024)
• Malligai St: Rs 935 per sq.ft (2024)
• Kurinji St: Rs 935 per sq.ft (2024)
• Kumaran Street & Nagar: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Logambal St

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value would be Rs 8,10,000. The stamp duty at 7% would amount to Rs 56,700, and the registration fee at 2% would be Rs 16,200, leading to a total of Rs 72,900. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Logambal St?

The Sub Registrar Office that covers Logambal St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Vilingiyambakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value serves as a benchmark for calculating these fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Logambal St?

The current guideline value of Logambal St is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then back to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the classification of Logambal St?

Logambal St is classified as Residential Class I Type - III under the Avadi SRO.

Where can I find the Sub Registrar Office for Logambal St?

The Sub Registrar Office for Logambal St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Logambal St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 8,10,000 would incur a stamp duty of Rs 56,700 at the rate of 7%.