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Guideline Value

Corporate

Guideline Value for Loganathan Street (Vetri Nagar Extension)

₹3301/sq.ft.

The guideline value for Loganathan Street (vetri Nagar Extension) in Peravallur village (Sembiam SRO, Chennai zone) is Rs 3301 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 Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3301 /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 ₹700 /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)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Loganathan Street (vetri Nagar Extension)

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Loganathan Street (Vetri Nagar Extension) guideline value

The current guideline value of Loganathan Street (Vetri Nagar Extension) is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO, classified as Residential Special Type - II.

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

The guideline value for Loganathan Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 329% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, which was a 33% drop. The value then rose again to Rs 3,000 per sq.ft in 2023, and finally to the current value of Rs 3,301 per sq.ft in 2024, reflecting a 10% increase from the previous year.

For the years 2002 and 2003, the register has no figure for Loganathan Street. Overall, from 2007 to 2024, the guideline value has increased by 372%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, which is equal to the current guideline value of Loganathan Street (Vetri Nagar Extension).

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value would be Rs 33,01,000. The stamp duty at 7% would amount to Rs 2,31,070, and the registration fee at 2% would be Rs 66,020. Together, the total cost for stamp duty and registration would be Rs 2,97,090. It is important to note that 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 Loganathan Street (Vetri Nagar Extension)?

The Sub Registrar Office that covers Loganathan Street (Vetri Nagar Extension) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Peravallur. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is based on either the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Loganathan Street?

The current guideline value of Loganathan Street (Vetri Nagar Extension) is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 700 per sq.ft in 2007 to Rs 3,301 per sq.ft in 2024, which is an overall increase of 372%.

What is the land classification for Loganathan Street?

Loganathan Street is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, which covers Loganathan Street (Vetri Nagar Extension).

How is stamp duty calculated for properties in Loganathan Street?

Stamp duty for properties in Loganathan Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 2,31,070.