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Guideline Value

Corporate

Guideline Value for Banu Nagar(31th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(31th 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 N/A
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(31th Avenue)

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Banu Nagar(31th Avenue) guideline value

The current guideline value for Banu Nagar(31th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of Banu Nagar(31th Avenue) has changed

Over the years, the guideline value for Banu Nagar(31th Avenue) has seen several revisions. The earliest recorded revision in 2012 set the guideline value at Rs 2,000 per sq.ft. It then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and finally rose to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 is Rs 2,200 per sq.ft, which is equal to the current guideline value for Banu Nagar(31th Avenue).

Stamp duty and registration fee for property in Banu Nagar(31th Avenue)

For a 1,000 sq.ft plot at the current rate, the 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 to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Banu Nagar(31th Avenue)?

The Sub Registrar Office that covers Banu Nagar(31th 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 plays a crucial role in the registration process of property transactions in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in assessing the legal and financial obligations of both parties involved in the transaction.

Frequently asked questions

What is the current guideline value for Banu Nagar(31th Avenue)?

The current guideline value for Banu Nagar(31th 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 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Banu Nagar(31th Avenue)?

Banu Nagar(31th Avenue) is classified as Residential Special Type - II.

Where is the Sub Registrar Office for Banu Nagar(31th Avenue)?

The Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Banu Nagar(31th Avenue)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.