Guideline Value for Banu Nagar Daniel Cross Street

Banu Nagar Daniel Cross Street guideline value

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

The guideline value for Banu Nagar Daniel Cross Street has seen several revisions over the years. In the 2007 revision, the value was Rs 605 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 231%. However, the value dropped to Rs 1,340 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The value then rose to Rs 2,000 per sq.ft in the 2023 revision, with an increase of 49%, before reaching the current value of Rs 2,200 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 264%.

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 equal to the current value of Banu Nagar Daniel Cross Street.

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

Stamp duty and registration fee for property in Banu Nagar Daniel 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 would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees 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 Daniel Cross Street?

The Sub Registrar Office that covers Banu Nagar Daniel 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 information.

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

The guideline value is a crucial figure used during the registration of property transactions in Oragadam. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a buyer or seller engages in a property transaction, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to be aware of the current guideline value to ensure compliance with the registration requirements.

Frequently asked questions

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

The current guideline value of Banu Nagar Daniel 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 605 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 264% over the years.

What are the stamp duty and registration fees for properties in this area?

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, totaling Rs 1,98,000.

Which office handles property registrations for Banu Nagar Daniel Cross Street?

The Ambattur Sub Registrar Office is responsible for handling property registrations for Banu Nagar Daniel Cross Street.

What is the land classification for Banu Nagar Daniel Cross Street?

Banu Nagar Daniel Cross Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.