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Guideline Value

Corporate

Guideline Value for Banu Nagar(14th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(14th 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(14th Avenue)

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Banu Nagar(14th Avenue) guideline value

The current guideline value for Banu Nagar(14th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Banu Nagar(14th Avenue) has changed

The guideline value for Banu Nagar(14th Avenue) has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 200 per sq.ft. It then increased significantly to Rs 2,000 per sq.ft in 2012, marking a 900% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as per the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2003 and 2007 for this street.

Overall, from 2002 to 2024, the guideline value has increased by 1000%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

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 guideline value is Rs 2,200 per sq.ft, which is equal to the current value for Banu Nagar(14th Avenue).

Stamp duty and registration fee for property in Banu Nagar(14th Avenue)

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, totaling 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 the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Banu Nagar(14th Avenue)?

The Sub Registrar Office covering Banu Nagar(14th Avenue) 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 during the registration of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Banu Nagar(14th Avenue)?

The current guideline value for Banu Nagar(14th 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 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 are the other streets in Oragadam with the same guideline value?

Other streets in Oragadam with the same guideline value of Rs 2,200 per sq.ft include Banu Nagar(11th Avenue), Banu Nagar(12th Avenue), Banu Nagar(13th Avenue), Banu Nagar(15th Avenue), Banu Nagar(16th Avenue), and Banu Nagar(17th Avenue).

What is the stamp duty rate applicable in Banu Nagar(14th Avenue)?

The stamp duty rate applicable in Banu Nagar(14th Avenue) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Banu Nagar(14th Avenue) located?

The Sub Registrar Office for Banu Nagar(14th Avenue) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.