No, it is not the same logic.
If you take away the rights of citizens to own guns, then they no longer have access to guns for sport or self defense. The only people who have access to guns are the criminals who would obtain them illegally anyways, meanwhile the rights of responsible citizens have been infringed upon.
By removing stop lights, that removes all order from street intersections, and it will be chaos because nobody will know when to be able to cross, as well as completely backing up traffic.
Legal guns in the hands of responsible gun owners does not create chaos.
No stop lights or road laws does create chaos on the road ways.