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Guideline Value

Corporate

Guideline Value for Banu Nagar(16th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(16th 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(16th Avenue)

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Banu Nagar(16th Avenue) guideline value

The current guideline value of Banu Nagar(16th Avenue) 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(16th Avenue) has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the guideline value was Rs 200 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 900%. However, from 2012 to 2017, the value decreased by 33% to Rs 1,340 per sq.ft. The 2023 revision saw another increase to Rs 2,000 per sq.ft, followed by a further rise of 10% to the current value of Rs 2,200 per sq.ft in 2024.

Between the revisions, the guideline value increased by 49% from 2017 to 2023. Overall, from 2002 to 2024, the guideline value has increased by 1000%. The register has no figures for the years 2003 and 2007 for this street.

Guideline values in Oragadam

In Oragadam village, 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 matches the current guideline value for Banu Nagar(16th Avenue).

Stamp duty and registration fee for property in Banu Nagar(16th 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. Together, the total fees would be 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 more details.

Which Sub Registrar Office covers Banu Nagar(16th Avenue)?

The Sub Registrar Office that covers Banu Nagar(16th 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 crucial factor during property registration in Oragadam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware that the registration fees and stamp duty are calculated based on this guideline value.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and integrity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Banu Nagar(16th Avenue)?

The current guideline value of Banu Nagar(16th 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 significantly from Rs 200 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1000%.

What are the stamp duty and registration fees for property in Banu Nagar(16th Avenue)?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would be Rs 1,98,000.

Which Sub Registrar Office covers Banu Nagar(16th Avenue)?

The Ambattur Sub Registrar Office covers Banu Nagar(16th Avenue), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification of Banu Nagar(16th Avenue)?

Banu Nagar(16th Avenue) is classified as Residential Special Type - II, indicating its suitability for residential development.