Till now I am not able to create a Unix Domain Socket for inter process communication. But I got a way around it. All I want is a one way communication to send data created at syslog-ng to a running java program(a process, I can say). This I achieved with Using Named Pipes in Syslog-ng. Documents for achieving is http://www.balabit.com/sites/default/files/documents/syslog-ng-ose-3.4-guides/en/syslog-ng-ose-v3.4-guide-admin/html-single/index.html#configuring-destinations-pipe .
Reading from Named Pipe is same as reading from a normal file. One important point to note is that Reader process(here the Java program) should be started before Syslog-ng, (Writer, that writes log messages to the Named pipe).
Reason, Writer will block until there is a Reader. Absence of Reader will lead to loss of some messages, that got accumulated before Reader Started. And there should be only one instance of Reader. If there are multiple readers, the second reader will get null pointer exception, as the message it want to read is already read by the first Reader. Kindly note that this is from my experience. Let me know, If I am wrong.