Guideline Value for Loganathan Street

Loganathan Street guideline value

The current guideline value of Loganathan Street in Tambaram village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Loganathan Street has changed

The guideline value for Loganathan Street has seen several revisions over the years. In 2002, the value was Rs 274 per sq.ft, which increased to Rs 337 per sq.ft in 2003, marking a 23% rise. The value then rose to Rs 500 per sq.ft in 2007, reflecting a significant increase of 48%. In 2012, the value was recorded at Rs 4,000 per sq.ft, which was a 700% increase from the previous revision. However, this figure dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, followed by the current value of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value for Loganathan Street has increased by 1506%. There are no revisions with missing figures for this street in the register.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, placing Loganathan Street's current value above this median.

• Loganathan Street Lane: Rs 4,400 per sq.ft (2024)
• Lakshmipuram-Gandhi Road 3rd Road: Rs 3,300 per sq.ft (2024)
• Lakshmipuram-Gandhi Road 2nd Road: Rs 3,300 per sq.ft (2024)
• Lakshmipuram-Gandhi Road 1st Road: Rs 3,300 per sq.ft (2024)
• Lakshmipuram-Gandhi Road: Rs 3,300 per sq.ft (2024)
• Lakshmipuram extn Main: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Loganathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Loganathan Street?

The Sub Registrar Office that covers Loganathan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tambaram. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the registration process. When a property is sold, the guideline value is used to assess the applicable fees, ensuring that they are calculated based on an official valuation.

Frequently asked questions

What is the current guideline value of Loganathan Street?

The current guideline value of Loganathan Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 274 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 1506% over these years.

What is the land classification of Loganathan Street?

Loganathan Street is classified as Residential Special Type - II under the Tambaram Joint 1 SRO.

What are the stamp duty and registration fees for property in Loganathan Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 3,96,000.

Which office handles the registration for Loganathan Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Loganathan Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.