Guideline Value for Loganathan Street (Krishnamoorthy Nagar)

Loganathan Street (Krishnamoorthy Nagar) guideline value

The current guideline value of Loganathan Street (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Loganathan Street (Krishnamoorthy Nagar) has changed

The guideline value for Loganathan Street (Krishnamoorthy Nagar) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an increase of 8% from the 2023 revision figure of Rs 2,500 per sq.ft. Prior to this, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the guideline value has risen from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024. The absence of figures for earlier years indicates that there was no recorded guideline value for Loganathan Street (Krishnamoorthy Nagar) during those periods.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value among these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Loganathan Street (Krishnamoorthy Nagar).

• Loganathan Street (G.M. Nagar): Rs 2,200 per sq.ft (2024)
• Loganathan Street: Rs 2,200 per sq.ft (2024)
• Lingesan Street (R.V. Nagar): Rs 2,700 per sq.ft (2024)
• Lingesan Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• lingasan Street: Rs 2,700 per sq.ft (2024)
• Lenin Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Loganathan Street (Krishnamoorthy Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost 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 Street (Krishnamoorthy Nagar)?

The Sub Registrar Office that covers Loganathan Street (Krishnamoorthy Nagar) 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 Kodungaiyur

The guideline value is an essential factor in the registration process of property transactions in Kodungaiyur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When registering a property, the guideline value helps determine the official value of the property for taxation purposes. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Loganathan Street (Krishnamoorthy Nagar)?

The current guideline value of Loganathan Street (Krishnamoorthy Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, reflecting an 8% rise.

Are there any previous guideline values for Loganathan Street (Krishnamoorthy Nagar)?

The register does not have any figures for Loganathan Street (Krishnamoorthy Nagar) for the years 2017, 2012, 2007, 2003, and 2002.

What is the stamp duty rate for properties in Loganathan Street (Krishnamoorthy Nagar)?

The stamp duty rate for properties is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Loganathan Street (Krishnamoorthy Nagar)?

The Sub Registrar Office for Loganathan Street (Krishnamoorthy Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.