Guideline Value

Corporate

Guideline Value for Banu Nagar(11th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(11th Avenue) 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(11th Avenue)

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Banu Nagar(11th Avenue) guideline value

The current guideline value of Banu Nagar(11th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Banu Nagar(11th Avenue) has changed

The guideline value for Banu Nagar(11th Avenue) has seen several revisions over the years. In 2002, the value was Rs 200 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017 before rising again to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Between 2002 and 2024, the overall increase in guideline value is substantial, amounting to 1000%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figure for the years 2003 and 2007 for this street.

Guideline values in Oragadam

Oragadam village has a total of 596 streets under the Ambattur SRO, with the 2024 guideline values 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 guideline value of Banu Nagar(11th Avenue).

Stamp duty and registration fee for property in Banu Nagar(11th Avenue)

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

Which Sub Registrar Office covers Banu Nagar(11th Avenue)?

The Sub Registrar Office that covers Banu Nagar(11th Avenue) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Oragadam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value ensures that the government receives appropriate revenue from property transactions.

When a buyer or seller engages in a transaction, the guideline value is referenced to calculate the applicable fees. If the sale price of the property is higher than the guideline value, the stamp duty will be charged based on the sale price instead.

Frequently asked questions

What is the current guideline value of Banu Nagar(11th Avenue)?

The current guideline value of Banu Nagar(11th Avenue) 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 increased from Rs 200 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1000% over this period.

What is the stamp duty percentage for property in Banu Nagar(11th Avenue)?

The stamp duty for property transactions in Banu Nagar(11th Avenue) is set at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Banu Nagar(11th Avenue)?

The Sub Registrar Office for Banu Nagar(11th Avenue) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Banu Nagar(11th Avenue)?

Banu Nagar(11th Avenue) is classified as Residential Special Type - II under the Ambattur SRO.