Guideline Value

Corporate

Guideline Value for Loganatha Chettiyar Garden

₹3300/sq.ft.

The guideline value for Loganatha Chettiyar Garden in Pallipattu village (Adayar SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹870 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹795 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[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 Loganatha Chettiyar Garden

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Loganatha Chettiyar Garden guideline value

The current guideline value of Loganatha Chettiyar Garden is Rs 3,300 per sq.ft. This property is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Loganatha Chettiyar Garden has changed

The guideline value for Loganatha Chettiyar Garden has seen several revisions over the years. In 2002, the value was Rs 795 per sq.ft, which increased to Rs 870 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,750 per sq.ft in 2007, and then to Rs 3,000 per sq.ft in 2012. However, there was a decrease to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023 before reaching the current value of Rs 3,300 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2002 to 2003, the increase was +9%. The value saw a substantial rise of +101% from 2003 to 2007. This was followed by a +71% increase from 2007 to 2012. After the decrease of -33% from 2012 to 2017, the value rose by +49% from 2017 to 2023, and finally, there was a +10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +315%.

Guideline values in Pallipattu

Pallipattu village has a range of guideline values across its 72 streets under the Adayar SRO. The 2024 guideline values in Pallipattu range from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 9,400 per sq.ft. Loganatha Chettiyar Garden's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Loganatha Chettiyar Garden

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Loganatha Chettiyar Garden?

The Sub Registrar Office that covers Loganatha Chettiyar Garden is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Pallipattu. It is used to determine the stamp duty and registration fees when a property is bought or sold. This value is set by the government and reflects the minimum price at which properties can be registered.

When you are buying or selling property, the guideline value helps ensure that the transaction is transparent and fair. It provides a benchmark for both buyers and sellers, ensuring that the property is valued appropriately according to the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Loganatha Chettiyar Garden?

The current guideline value of Loganatha Chettiyar Garden 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 795 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +315% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office should I visit for transactions in Loganatha Chettiyar Garden?

The Adayar Sub Registrar Office is responsible for transactions in Loganatha Chettiyar Garden, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value in Pallipattu?

The median guideline value in Pallipattu for 2024 is Rs 9,400 per sq.ft, with Loganatha Chettiyar Garden's value being below this median.