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Guideline Value

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Guideline Value for Logaiyya Colony 2nd Cross Street

₹4400/sq.ft.

The guideline value for Logaiyya Colony 2nd Cross Street in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Logaiyya Colony 2nd Cross Street

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Logaiyya Colony 2nd Cross Street guideline value

The current guideline value of Logaiyya Colony 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Logaiyya Colony 2nd Cross Street has changed

Over the years, the guideline value of Logaiyya Colony 2nd Cross Street has seen several revisions. The 2024 revision sets the value at Rs 4,400 per sq.ft, which is an increase from Rs 4,000 per sq.ft in 2023, marking a 10% rise. Prior to that, the value was Rs 2,680 per sq.ft in 2017, reflecting a significant increase of 49% from the previous revision in 2023. The 2012 revision had the value at Rs 4,000 per sq.ft, which was a decrease of 33% from Rs 2,680 per sq.ft in 2017. The 2007 revision recorded a value of Rs 1,800 per sq.ft, showing a substantial increase of 122% to reach Rs 4,000 per sq.ft in 2012.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 144%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which aligns with the current guideline value of Logaiyya Colony 2nd Cross Street.

Stamp duty and registration fee for property in Logaiyya Colony 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value is Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Logaiyya Colony 2nd Cross Street?

The Sub Registrar Office that covers Logaiyya Colony 2nd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Saligramam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value ensures that the transaction is recorded at a fair value as per the regulations set by the Registration Department.

When you register a property, the guideline value serves as a benchmark. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price. This process helps maintain transparency and compliance within the real estate market.

Frequently asked questions

What is the current guideline value of Logaiyya Colony 2nd Cross Street?

The current guideline value of Logaiyya Colony 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What is the registration office for Logaiyya Colony 2nd Cross Street?

The registration office for Logaiyya Colony 2nd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be 7% of that amount.

What are the other streets in Saligramam with similar guideline values?

Other streets in Saligramam include Logaiyya Colony 1st Street and Logaiyya Colony 2nd Street, both valued at Rs 5,500 per sq.ft in 2024, while Logaiyya Colony 1st Cross Street, Logaiyya Colony 3rd Cross Street, and Logaiyya Colony 4th Cross Street are valued at Rs 4,400 per sq.ft.