Guideline Value

Corporate

Guideline Value for LOGANATHAN STREET

₹3190/sq.ft.

The guideline value for Loganathan Street in Perumalagaram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 3190 per sq.ft, effective 1 July 2024. It was Rs 2900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perumalagaram

Village

Chennai South Joint II

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹3190 /sq.ft.
From 1-4-2023 ₹2900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1943 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Loganathan Street

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Loganathan Street guideline value

The current guideline value of Loganathan Street in Perumalagaram village is Rs 3,190 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class V Type - I.

How the guideline value of Loganathan Street has changed

The guideline value for Loganathan Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,900 per sq.ft, which was then reduced to Rs 1,943 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,900 per sq.ft in 2023, and most recently, it rose to Rs 3,190 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a guideline value for 2024, ranging from Rs 825 to Rs 7,920 per sq.ft. The median guideline value is Rs 3,190 per sq.ft, which is equal to the current value of Loganathan Street.

Stamp duty and registration fee for property in Loganathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, bringing the total to Rs 2,87,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Loganathan Street?

The Sub Registrar Office that covers Loganathan Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumalagaram. It acts as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented accurately and transparently.

When a property is sold, the buyer and seller must consider the guideline value for calculating stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Loganathan Street?

The current guideline value of Loganathan Street is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,900 per sq.ft in 2012 to Rs 1,943 per sq.ft in 2017, then to Rs 2,900 per sq.ft in 2023, and finally to Rs 3,190 per sq.ft in 2024.

What is the land classification of Loganathan Street?

Loganathan Street is classified as Residential Class V Type - I.

What are the stamp duty rates for property in Loganathan Street?

The stamp duty for property in Loganathan Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Loganathan Street?

The Sub Registrar Office for Loganathan Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.