Guideline Value

Corporate

Guideline Value for Banu Nagar 7th Main Road

₹2200/sq.ft.

The guideline value for Banu Nagar 7th 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 7th Main Road

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Banu Nagar 7th Main Road guideline value

The current guideline value of Banu Nagar 7th Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of Banu Nagar 7th Main Road has changed

The guideline value for Banu Nagar 7th Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 200 per sq.ft. This value increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 900%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a decline of 33%. The subsequent revision in 2023 brought the value back up to Rs 2,000 per sq.ft, and the latest revision in 2024 set it at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

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

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 for these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for Banu Nagar 7th Main Road.

Stamp duty and registration fee for property in Banu Nagar 7th 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 would be 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, bringing the total cost for these charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Banu Nagar 7th Main Road?

The Sub Registrar Office that covers Banu Nagar 7th 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 plays a crucial role in the registration process of property transactions in Oragadam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs when transferring property ownership. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When purchasing property, the guideline value is typically used to determine the minimum value at which the property can be registered. This ensures that the property is not undervalued during the registration process, providing a transparent framework for property transactions in the region.

Frequently asked questions

What is the current guideline value for Banu Nagar 7th Main Road?

The current guideline value for Banu Nagar 7th 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, reflecting an overall increase of 1000% over the years.

What is the land classification for Banu Nagar 7th Main Road?

Banu Nagar 7th Main Road is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Banu Nagar 7th Main Road?

The Sub Registrar Office for Banu Nagar 7th 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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000.