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Guideline Value

Corporate

Guideline Value for Banu Nagar(30th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(30th 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(30th Avenue)

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Banu Nagar(30th Avenue) guideline value

The current guideline value of Banu Nagar(30th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Banu Nagar(30th Avenue) has changed

The guideline value of Banu Nagar(30th Avenue) has undergone several revisions since 2002. The 2002 revision recorded a guideline value of Rs 200 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 900% increase. However, the value dropped to Rs 1,340 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, and subsequently increased to Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year. The overall change from 2002 to 2024 shows a remarkable increase of 1000%.

The revisions for the years 2003 and 2007 do not have any figures recorded for this street in the register.

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 value for these streets is Rs 2,200 per sq.ft, which aligns with the guideline value of Banu Nagar(30th Avenue).

Stamp duty and registration fee for property in Banu Nagar(30th 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 is charged at 7%, which equals Rs 1,54,000, and the registration fee is charged at 2%, amounting to Rs 44,000. Therefore, the total cost for stamp duty and registration fees together is 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Banu Nagar(30th Avenue)?

The Sub Registrar Office that covers Banu Nagar(30th 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 when registering property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Banu Nagar(30th Avenue)?

The current guideline value of Banu Nagar(30th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much 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 registration office for Banu Nagar(30th Avenue)?

The registration office for Banu Nagar(30th Avenue) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is generally 7% of the guideline value or sale price, whichever is higher, while the registration fee is typically 2% of the guideline value or sale price.

How can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online for accurate estimates based on the guideline value.