Guideline Value for Loganathan Street / Hindustan Lever Colony

Loganathan Street / Hindustan Lever Colony guideline value

The current guideline value of Loganathan Street / Hindustan Lever Colony is Rs 2,530 per sq.ft. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Loganathan Street / Hindustan Lever Colony has changed

The guideline value has seen significant changes over the years. In 2002, the guideline value was Rs 163 per sq.ft, which increased to Rs 214 per sq.ft in 2003. The value then rose to Rs 360 per sq.ft in 2007, marking a 68% increase. By 2017, the guideline value surged to Rs 1,541 per sq.ft, reflecting a substantial increase of 328%. In 2023, it further increased to Rs 2,300 per sq.ft, a 49% rise from the previous revision. The latest revision in 2024 set the guideline value at Rs 2,530 per sq.ft, representing a 10% increase from 2023. Notably, there is no figure available for this street in the 2012 revision.

Overall, from 2002 to 2024, the guideline value has increased by 1452%, showcasing a remarkable rise in the value of properties in this area.

Guideline values in Pammal

Pammal village comprises 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Loganathan Street / Hindustan Lever Colony above this median.

• Lingam Street / Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Lingam Street Extn.,/ Senthil Nagar: Rs 1,980 per sq.ft (2024)
• LIC Colony Extension: Rs 2,530 per sq.ft (2024)
• LIC Colony, 7th Cross Street: Rs 2,530 per sq.ft (2024)
• Lurth Madha Street: Rs 1,980 per sq.ft (2024)
• LIC Colony 6th Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Loganathan Street / Hindustan Lever Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, totaling Rs 2,27,700. 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 / Hindustan Lever Colony?

The Sub Registrar Office that covers Loganathan Street / Hindustan Lever Colony is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Loganathan Street / Hindustan Lever Colony?

The current guideline value of Loganathan Street / Hindustan Lever Colony is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 163 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 1452% over this period.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is lower than the current guideline value of Loganathan Street / Hindustan Lever Colony.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,27,700.

Where is the Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.