Guideline Value for Loganathan Street

Loganathan Street guideline value

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

How the guideline value of Loganathan Street has changed

The guideline value for Loganathan Street has seen significant changes over the years. In 2002, the value was Rs 471 per sq.ft, which increased to Rs 529 per sq.ft in 2003. Following this, the value rose to Rs 1,000 per sq.ft in 2007, marking an increase of 89%. From 2007 to 2012, the value surged to Rs 4,000 per sq.ft, reflecting a substantial increase of 300%. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, an increase of 10%.

There are no figures available for the guideline value of Loganathan Street in the revisions for the years not mentioned in the provided data.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Loganathan Street's current value below this median.

• Loco Works Scheme Ist Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Loco Works Scheme Ist Lane, Chennai 82: Rs 4,400 per sq.ft (2024)
• Loco Works Scheme 2nd Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Loco Works Scheme 2nd Lane, Chennai 82: Rs 4,400 per sq.ft (2024)
• Loco Works Main Road, Chennai 82: Rs 4,900 per sq.ft (2024)
• L- Block, (East)26th Street: Rs 11,000 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 fees to Rs 3,96,000. It is important to note that 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?

The Sub Registrar Office that covers Loganathan Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on 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 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 from Rs 471 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 834% over the years.

What is the classification of land on Loganathan Street?

Loganathan Street is classified as Residential Class II Type - I.

Where can I find the registration office for Loganathan Street?

The registration office for Loganathan Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.