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Guideline Value

Corporate

Guideline Value for Banu Nagar(2nd Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(2nd 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 ₹605 /sq.ft.
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(2nd Avenue)

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Banu Nagar(2nd Avenue) guideline value

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

How the guideline value of Banu Nagar(2nd Avenue) has changed

The guideline value for Banu Nagar(2nd Avenue) has seen several revisions over the years. Starting from Rs 200 per sq.ft in 2002, it increased significantly to Rs 605 per sq.ft in 2007, marking a 203% rise. The value then jumped to Rs 2,000 per sq.ft in 2012, which was a 231% increase from the previous revision. However, it decreased to Rs 1,340 per sq.ft in 2017, reflecting a 33% decline. The value rose again to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1000%. It is important to note that there is no figure available for the year 2003 in the register for this street.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO that carry a guideline value for 2024, 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(2nd Avenue).

Stamp duty and registration fee for property in Banu Nagar(2nd 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 fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Banu Nagar(2nd Avenue)?

The Sub Registrar Office that covers Banu Nagar(2nd 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 when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring transparency in property dealings.

When you buy or sell property, the registration office uses the guideline value to calculate stamp duty and registration fees. The higher value between the guideline value and the sale price is used for these calculations, ensuring that all transactions are fairly assessed.

Frequently asked questions

What is the current guideline value for Banu Nagar(2nd Avenue)?

The current guideline value for Banu Nagar(2nd 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(2nd Avenue)?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, resulting in a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which office handles registration for Banu Nagar(2nd Avenue)?

The Ambattur Sub Registrar Office handles registrations for Banu Nagar(2nd 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(2nd Avenue)?

Banu Nagar(2nd Avenue) is classified as Residential Special Type - II, indicating its suitability for residential development.