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Guideline Value

Corporate

Guideline Value for Banu Nagar(20th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(20th 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(20th Avenue)

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Banu Nagar(20th Avenue) guideline value

The current guideline value of Banu Nagar(20th 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(20th Avenue) has changed

The guideline value for Banu Nagar(20th Avenue) has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 200 per sq.ft. This value saw a significant increase to Rs 2,000 per sq.ft in 2012, marking a rise of 900%. However, in 2017, the value decreased to Rs 1,340 per sq.ft, which is a decline of 33%. The guideline value then rose sharply to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Banu Nagar(20th Avenue) in the years 2003 and 2007. Overall, from 2002 to 2024, the guideline value has increased by 1000%.

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 for these streets is Rs 2,200 per sq.ft, which matches the current guideline value for Banu Nagar(20th Avenue).

Stamp duty and registration fee for property in Banu Nagar(20th 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, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Banu Nagar(20th Avenue)?

The Sub Registrar Office that covers Banu Nagar(20th 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 in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees, which are mandatory for property transactions. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is compliant with local regulations.

When registering a property, the guideline value helps in assessing the fair value of the property, which is essential for both the buyer and the seller. It ensures transparency in the transaction and helps prevent undervaluation or overvaluation of properties.

Frequently asked questions

What is the current guideline value of Banu Nagar(20th Avenue)?

The current guideline value of Banu Nagar(20th 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% over the years.

What is the stamp duty rate for properties in Banu Nagar(20th Avenue)?

The stamp duty rate for properties in Banu Nagar(20th Avenue) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Banu Nagar(20th Avenue)?

The Sub Registrar Office for Banu Nagar(20th Avenue) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the guideline values for other streets in Oragadam?

Other streets in Oragadam have a guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with the median being Rs 2,200 per sq.ft, which is the same as Banu Nagar(20th Avenue).