Guideline Value for Loganayagi Thottam

Loganayagi Thottam guideline value

The current guideline value of Loganayagi Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Loganayagi Thottam has changed

The guideline value for Loganayagi Thottam has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 1,005 per sq.ft. This figure increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 1,700 per sq.ft, reflecting an increase of 13% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 69%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, the guideline values for 754 streets under the Neelankarai SRO range from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Loganayagi Thottam is below this median.

• Loganathan Garden: Rs 1,700 per sq.ft (2024)
• L.R.Rajamanickam Road: Rs 2,200 per sq.ft (2024)
• L.Jey Avenue: Rs 4,400 per sq.ft (2024)
• Lilly Pond Street (Allikulam Street): Rs 4,400 per sq.ft (2024)
• Lalbagadur Sastri Street Lane: Rs 2,200 per sq.ft (2024)
• Lalbagadur Sastri Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Loganayagi Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000. Together, the total cost for stamp duty and registration would be Rs 1,53,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Loganayagi Thottam?

The Sub Registrar Office that covers Loganayagi Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is aligned with the guideline value to avoid any discrepancies during registration. The registration office uses the guideline value to assess the applicable fees, ensuring transparency in the property transaction process.

Frequently asked questions

What is the current guideline value of Loganayagi Thottam?

The current guideline value of Loganayagi Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, which is an overall increase of 69% over these years.

What is the stamp duty rate for properties in Loganayagi Thottam?

The stamp duty rate for properties in Loganayagi Thottam is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Loganayagi Thottam?

The Sub Registrar Office for Loganayagi Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, while Loganayagi Thottam's current guideline value is below this median.