Guideline Value for Loganathan Street

Loganathan Street guideline value

The current guideline value of Loganathan Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Mixed Type - I land.

How the guideline value of Loganathan Street has changed

The guideline value for Loganathan Street has seen several revisions over the years. In 2012, the value was set at Rs 4,200 per sq.ft, which decreased to Rs 2,814 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,200 per sq.ft in 2023, and then to Rs 4,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, placing Loganathan Street's current guideline value above this median.

• Loyer Salai Road (Ramapuram): Rs 3,600 per sq.ft (2024)
• L.I.C Colony: Rs 4,000 per sq.ft (2024)
• Lal bagadur Street: Rs 3,600 per sq.ft (2024)
• Maga Kavi Bharathi nagar: Rs 2,200 per sq.ft (2024)
• Mahaveer Garden: Rs 5,100 per sq.ft (2024)
• Lakshmanapuram: Rs 2,200 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 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. 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 information.

Which Sub Registrar Office covers Loganathan Street?

The Sub Registrar Office covering Loganathan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. The value is assessed by the local registration department and is updated periodically.

When a property is sold, the guideline value is compared to the sale price to determine the applicable duties. Buyers will need to pay the stamp duty based on the higher of the two values, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Loganathan Street?

The current guideline value of Loganathan Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification of Loganathan Street?

Loganathan Street is classified as Mixed Type - I land under the Ambattur SRO.

Where can I find the Sub Registrar Office for Loganathan Street?

The Sub Registrar Office for Loganathan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 46,00,000, the stamp duty would be calculated at 7% of this amount.