Guideline Value for Loganathan Garden

Loganathan Garden guideline value

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

How the guideline value of Loganathan Garden has changed

The guideline value for Loganathan Garden has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,700 per sq.ft, marking a 13% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by 69%.

It is important to note that there are no figures available for this street in the revisions from the years 2002, 2003, 2007, and 2012. The significant changes between the revisions indicate a steady rise in the guideline value, reflecting the updates made in 2023 and 2024.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Loganathan Garden's value below this median.

• Loganayagi Thottam: Rs 1,700 per sq.ft (2024)
• L.Jey Avenue: Rs 4,400 per sq.ft (2024)
• L.R.Rajamanickam Road: Rs 2,200 per sq.ft (2024)
• Lilly Pond Street (Allikulam Street): Rs 4,400 per sq.ft (2024)
• Lalbagadur Sastri Street Lane: Rs 2,200 per sq.ft (2024)
• Lalbagadur Sastri Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Loganathan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty, charged at 7%, would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on your specific property transaction.

Which Sub Registrar Office covers Loganathan Garden?

The Loganathan Garden area falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor when registering property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction, ensuring that these fees are calculated based on the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall costs involved in the transaction. Buyers and sellers should ensure they are informed about the latest guideline values to make accurate financial decisions.

Frequently asked questions

What is the current guideline value of Loganathan Garden?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, representing a total increase of 69% over this period.

What are the stamp duty rates applicable in Loganathan Garden?

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

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is above the guideline value of Loganathan Garden.