Guideline Value for LOGANATHAN PURAM

Loganathan Puram guideline value

The current guideline value of Loganathan Puram is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village under the Kodambakkam SRO and is classified as Residential Class V Type - I.

How the guideline value of Loganathan Puram has changed

The guideline value of Loganathan Puram has seen several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 2,010 per sq.ft in 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent 2024 revision raised it to Rs 3,300 per sq.ft, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 267%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values 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, placing Loganathan Puram's 2024 value below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Loganathan Puram?

The Sub Registrar Office that covers Loganathan Puram 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 during property registration in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for taxation purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory payments that must be made to complete the registration process legally.

Frequently asked questions

What is the current guideline value of Loganathan Puram?

The current guideline value of Loganathan Puram is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Loganathan Puram's current value being below this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Loganathan Puram is 7% of the guideline value or sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.