Guideline Value for Banu Nagar Daniel 1st Cross Street

Banu Nagar Daniel 1st Cross Street guideline value

The current guideline value of Banu Nagar Daniel 1st Cross Street 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 Daniel 1st Cross Street has changed

The guideline value for Banu Nagar Daniel 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is a 10% increase. Notably, the 2017 revision did not have a figure for this street, and the revisions from 2002, 2003, and 2007 also have no figures listed in the register.

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 equal to the guideline value of Banu Nagar Daniel 1st Cross Street.

• Banu Nagar (Anna Street): Rs 2,200 per sq.ft (2024)
• Banu Nagar Daniel Cross Street: Rs 2,200 per sq.ft (2024)
• Banu Nagar (9th Avenue): Rs 2,200 per sq.ft (2024)
• Banu Nagar Daniel Street: Rs 2,200 per sq.ft (2024)
• Banu Nagar 8th Avenue 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Banu Nagar -East (Elumalai Mesthri Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Banu Nagar Daniel 1st Cross Street

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, bringing the total fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Banu Nagar Daniel 1st Cross Street?

The Sub Registrar Office that covers Banu Nagar Daniel 1st Cross Street 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 details.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and compliance with local regulations. It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Banu Nagar Daniel 1st Cross Street?

The current guideline value of Banu Nagar Daniel 1st Cross Street 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 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. It was Rs 1,340 per sq.ft in 2017 and Rs 2,000 per sq.ft in 2012.

What are the other streets with the same guideline value in Oragadam?

Several other streets in Oragadam share the same guideline value of Rs 2,200 per sq.ft, including Banu Nagar (Anna Street), Banu Nagar Daniel Cross Street, and Banu Nagar Daniel Street, among others.

What is the registration fee for property in Banu Nagar Daniel 1st Cross Street?

The registration fee for property in Banu Nagar Daniel 1st Cross Street is calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the total registration fee would be Rs 44,000 at a rate of 2%.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Banu Nagar Daniel 1st Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.