Guideline Value for Loganathan Nagar
₹1100/sq.ft.
The guideline value for Loganathan Nagar in Mannivakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Mannivakkam
Village
Gooduvancheri
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1100 /sq.ft. |
| From 1-4-2023 | ₹1000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹670 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹250 /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)
Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Loganathan Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Gooduvancheri sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Loganathan Nagar guideline value
The current guideline value of Loganathan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Mannivakkam village under the Gooduvancheri SRO and is classified as Residential Special Type - I.
How the guideline value of Loganathan Nagar has changed
The guideline value for Loganathan Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, representing a 300% rise. However, it decreased to Rs 670 per sq.ft in 2017, marking a 33% drop. The value then rose to Rs 1,000 per sq.ft in 2023, followed by a further increase to the current Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.
Overall, from 2007 to 2024, the guideline value for Loganathan Nagar has increased by 340%. The changes between the revisions highlight the fluctuations in the property value over the years, with the most significant increase occurring between 2007 and 2012.
Guideline values in Mannivakkam
In Mannivakkam, there are 118 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 330 to Rs 4,300 per sq.ft as of 2024. The median guideline value in this area is Rs 1,215 per sq.ft, placing Loganathan Nagar's current value below this median.
- Lakshmi Nagar: Rs 990 per sq.ft (2024)
- Malles Fortune Earth: Rs 4,110 per sq.ft (2024)
- Kumaran Nagar: Rs 990 per sq.ft (2024)
- Kulakarai Street: Rs 990 per sq.ft (2024)
- Manneeshwarar Avenue: Rs 1,650 per sq.ft (2024)
- Manneeshwarar Nagar: Rs 1,320 per sq.ft (2024)
Stamp duty and registration fee for property in Loganathan Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. 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.
Which Sub Registrar Office covers Loganathan Nagar?
The Sub Registrar Office that covers Loganathan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Mannivakkam
The guideline value is a crucial factor when buying or selling property in Mannivakkam. It determines the minimum price at which property transactions can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.
When a property is sold, the buyer must pay stamp duty and registration fees calculated on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are recorded accurately and transparently in the official registry.
Frequently asked questions
What is the current guideline value of Loganathan Nagar?
The current guideline value of Loganathan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 340% over the years.
What are the stamp duty and registration fees for property in Loganathan Nagar?
The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 99,000.
Which Sub Registrar Office covers Loganathan Nagar?
The Gooduvancheri Sub Registrar Office covers Loganathan Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.
What is the median guideline value in Mannivakkam?
The median guideline value in Mannivakkam is Rs 1,215 per sq.ft, with Loganathan Nagar's current value being below this median.
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