Guideline Value for LOGANATHAN NAGAR 3RD STREET

Loganathan Nagar 3rd Street guideline value

The current guideline value of Loganathan Nagar 3rd Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of Loganathan Nagar 3rd Street has changed

The guideline value for Loganathan Nagar 3rd Street has seen several revisions over the years. In 2007, the value was set at Rs 1,500 per sq.ft, which was a significant increase to Rs 5,800 per sq.ft in 2012. This figure remained unchanged until the 2023 revision, where it was again Rs 5,800 per sq.ft. The most recent revision in 2024 saw an increase of 9%, bringing the value to Rs 6,300 per sq.ft.

Overall, from 2007 to 2024, the guideline value has increased by 320%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making Loganathan Nagar 3rd Street's 2024 figure above that median.

• Loganathan Nagar 2nd Street: Rs 6,300 per sq.ft (2024)
• Loganathan Puram: Rs 3,300 per sq.ft (2024)
• Loganathan Nagar 1st Street: Rs 6,300 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 6,300 per sq.ft, the 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, totaling Rs 5,67,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Loganathan Nagar 3rd Street?

The Sub Registrar Office covering Loganathan Nagar 3rd 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 is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value or the sale price is considered, with the higher amount being used to calculate the applicable fees. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Loganathan Nagar 3rd Street?

The current guideline value of Loganathan Nagar 3rd 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 1,500 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, marking a total increase of 320% over the years.

What is the registration office for Loganathan Nagar 3rd Street?

The registration office for Loganathan Nagar 3rd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 63,00,000, the stamp duty at 7% would be Rs 4,41,000.

What are the guideline values for other streets in Puliyur?

Other streets in Puliyur have varying guideline values. For instance, Loganathan Nagar 2nd Street and Loganathan Nagar 1st Street both have a guideline value of Rs 6,300 per sq.ft, while Loganathan Puram is at Rs 3,300 per sq.ft.