Guideline Value for Loganathan Avenue

Loganathan Avenue guideline value

The current guideline value of Loganathan Avenue is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Jampuli village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Loganathan Avenue has changed

The guideline value for Loganathan Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 61%.

Guideline values in Jampuli

In Jampuli, there are 118 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft, with a median value of Rs 2,450 per sq.ft. Loganathan Avenue's current guideline value is above this median.

• Kuruvar Kudisai: Rs 1,900 per sq.ft (2024)
• Mathur Salai: Rs 1,900 per sq.ft (2024)
• Kodungaiyur Road: Rs 3,000 per sq.ft (2024)
• K.K.R. Town West Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town West Avenue Road: Rs 2,700 per sq.ft (2024)
• K.K.R. Town East Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Loganathan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. 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 Avenue?

The Sub Registrar Office that covers Loganathan Avenue is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Loganathan Avenue?

The current guideline value of Loganathan Avenue is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and then to Rs 2,700 per sq.ft in 2024.

What is the land classification for Loganathan Avenue?

Loganathan Avenue is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property in Loganathan Avenue?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office handles registrations for Loganathan Avenue?

The Madhavaram Sub Registrar Office handles registrations for Loganathan Avenue, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.