Guideline Value for LOGAMBIGAI AVENUE

Logambigai Avenue guideline value

The current guideline value of Logambigai Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village, under the Ponneri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Logambigai Avenue has changed

According to the register, there are no figures for Logambigai Avenue for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value at Rs 600 per sq.ft. The most recent revision in 2024 has maintained the guideline value at Rs 600 per sq.ft, showing no change from the previous year.

Thus, from the 2023 to the 2024 revision, there has been a change of +0%. The guideline value for Logambigai Avenue has remained consistent at Rs 600 per sq.ft for both 2023 and 2024.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 501 per sq.ft, placing Logambigai Avenue's 2024 figure above that median.

• Mahaveer Nagar: Rs 501 per sq.ft (2024)
• Kotteeswara Rao Nagar: Rs 600 per sq.ft (2024)
• M.Krishnaswami Avenue: Rs 501 per sq.ft (2024)
• Kannan Garden Ext: Rs 501 per sq.ft (2024)
• Kannan Garden: Rs 501 per sq.ft (2024)
• Kailash Nagar: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Logambigai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees Rs 54,000. It is important to note that 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 Logambigai Avenue?

The Sub Registrar Office that covers Logambigai Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thadaperumbakkam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value aids in calculating the applicable stamp duty and registration fees. It serves as a reference point for both buyers and sellers to understand the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Logambigai Avenue?

The current guideline value of Logambigai Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Logambigai Avenue has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Logambigai Avenue?

Logambigai Avenue falls under the land classification of Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Logambigai Avenue?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Logambigai Avenue located?

The Ponneri Sub Registrar Office, which covers Logambigai Avenue, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.