Guideline Value for LOGANATHAN NAGAR

Loganathan Nagar guideline value

The current guideline value of Loganathan Nagar is Rs 1,100 per sq.ft, as per the 2023 revision. This area is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - III.

How the guideline value of Loganathan Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,100 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 737 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,100 per sq.ft, reflecting a significant rise of 49% from the 2017 figure. Overall, comparing the 2012 and 2023 revisions, there has been no change in the guideline value.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Loganathan Nagar is one of the streets under the Gooduvancheri SRO, and there are no other streets in Rathinamangalam listed with guideline values.

Stamp duty and registration fee for property in Loganathan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty, calculated at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, these fees total Rs 99,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Loganathan Nagar?

The Sub Registrar Office that covers Loganathan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the government. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Loganathan Nagar?

The current guideline value of Loganathan Nagar is Rs 1,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen several revisions. From 2012 to 2017, it decreased from Rs 1,100 to Rs 737 per sq.ft. However, it increased back to Rs 1,100 per sq.ft in the 2023 revision.

What are the stamp duty and registration fees for properties in Loganathan Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Loganathan Nagar?

The Gooduvancheri Sub Registrar Office covers Loganathan Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Rathinamangalam with guideline values?

Currently, there are no other streets in Rathinamangalam listed with guideline values. Loganathan Nagar is the only street mentioned under the Gooduvancheri SRO.