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Guideline Value

Corporate

Guideline Value for Banu Nagar(19th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(19th 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(19th Avenue)

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Banu Nagar(19th Avenue) guideline value

The current guideline value of Banu Nagar(19th 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(19th Avenue) has changed

The guideline value for Banu Nagar(19th Avenue) has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 200 per sq.ft. This figure increased significantly in the 2012 revision to Rs 2,000 per sq.ft, marking a 900% increase. However, it then decreased to Rs 1,340 per sq.ft in the 2017 revision, which was a 33% drop. The value rose again to Rs 2,000 per sq.ft in the 2023 revision, followed by the current value of Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1000%. It is important to note that the register has no figures 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 guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Banu Nagar(19th Avenue).

Stamp duty and registration fee for property in Banu Nagar(19th Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is 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's important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Banu Nagar(19th Avenue)?

The Sub Registrar Office that covers Banu Nagar(19th 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Oragadam. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is registered at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Banu Nagar(19th Avenue)?

The current guideline value of Banu Nagar(19th 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, reflecting an overall increase of 1000% over the years.

What are the stamp duty and registration fees for property in Banu Nagar(19th Avenue)?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Banu Nagar(19th Avenue)?

The Ambattur Sub Registrar Office covers Banu Nagar(19th Avenue), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Banu Nagar(19th Avenue)?

Banu Nagar(19th Avenue) is classified as Residential Special Type - II, indicating its designation for residential use within the area.