Guideline Value

Corporate

Guideline Value for Banu Nagar 4th Main Road

₹2200/sq.ft.

The guideline value for Banu Nagar 4th Main Road in Oragadam village (Ambattur SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹200 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Banu Nagar 4th Main Road

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Banu Nagar 4th Main Road guideline value

The current guideline value of Banu Nagar 4th Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Banu Nagar 4th Main Road has changed

The guideline value for Banu Nagar 4th Main Road has undergone several revisions over the years. In 2002, the guideline value was Rs 200 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in 2012, marking a rise of 900%. However, this value decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then increased substantially to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the years 2003 and 2007 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1000%, highlighting the significant changes over the years.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for Banu Nagar 4th Main Road.

Stamp duty and registration fee for property in Banu Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. 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 detailed calculations.

Which Sub Registrar Office covers Banu Nagar 4th Main Road?

The Sub Registrar Office that covers Banu Nagar 4th Main Road 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the current market conditions.

When registering a property, the guideline value is used to determine the applicable fees, which are calculated based on the higher value between the guideline value and the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Banu Nagar 4th Main Road?

The current guideline value of Banu Nagar 4th Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1000% over the years.

What is the stamp duty for property in Banu Nagar 4th Main Road?

The stamp duty for property in Banu Nagar 4th Main Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Banu Nagar 4th Main Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What other streets in Oragadam have the same guideline value?

Other streets in Oragadam with the same guideline value of Rs 2,200 per sq.ft include Banu Nagar(4th Avenue), Banu Nagar(5th Avenue), Banu Nagar 3rd Main Road, Banu Nagar 5th Main Road, Banu Nagar(3rd Avenue), and Banu Nagar(6th Avenue).