Guideline Value for LOGANATHAN NAGAR 1ST STREET

Loganathan Nagar 1st Street guideline value

The current guideline value of Loganathan Nagar 1st Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Loganathan Nagar 1st Street has changed

The guideline value for Loganathan Nagar 1st Street has seen several revisions over the years. The oldest recorded figure is from 2007, when it was Rs 1,650 per sq.ft. This figure dramatically increased to Rs 5,800 per sq.ft in 2012, marking a significant rise of 252%. The guideline value remained unchanged at Rs 5,800 per sq.ft until the next revision in 2023, when it was again set at Rs 5,800 per sq.ft. However, in 2024, the guideline value increased to Rs 6,300 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for Loganathan Nagar 1st Street. Overall, from 2007 to 2024, the guideline value has increased by 282%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, making the 2024 figure for Loganathan Nagar 1st Street above this median.

• Loganathan Nagar 2nd Street: Rs 6,300 per sq.ft (2024)
• Loganathan Nagar 3rd Street: Rs 6,300 per sq.ft (2024)
• Loganathan Puram: Rs 3,300 per sq.ft (2024)
• Lic Colony: Rs 4,600 per sq.ft (2024)
• Madha Koil Street: Rs 3,800 per sq.ft (2024)
• Lakshmipuram Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Loganathan Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, leading to a total cost of Rs 5,67,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Loganathan Nagar 1st Street?

The Sub Registrar Office that covers Loganathan Nagar 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that both buyers and sellers are aware of the official valuation of the property they are dealing with.

During the registration process, the guideline value is referenced to calculate the applicable duties and fees. This helps maintain transparency in property transactions and provides a standardized measure for property valuation.

Frequently asked questions

What is the current guideline value of Loganathan Nagar 1st Street?

The current guideline value of Loganathan Nagar 1st Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,650 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, marking an overall increase of 282% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000 and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Which office handles property registrations in Loganathan Nagar 1st Street?

The Kodambakkam Sub Registrar Office handles property registrations for Loganathan Nagar 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Loganathan Nagar 1st Street?

The land classification for Loganathan Nagar 1st Street is Residential Special Type - III.