Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Banu Nagar(32th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(32th 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(32th Avenue)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Banu Nagar(32th Avenue) guideline value

The current guideline value of Banu Nagar(32th 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(32th Avenue) has changed

The guideline value for Banu Nagar(32th Avenue) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, in 2017, the guideline value was Rs 1,340 per sq.ft, which represents a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 2,000 per sq.ft, showing a decrease of 33% to the 2017 figure. Overall, from 2012 to 2024, the guideline value increased by 10%.

For the years 2002, 2003, and 2007, the register has no figure for Banu Nagar(32th Avenue). Thus, the changes from the 2012 figure to the current value reflect the revisions made in the subsequent years.

Guideline values in Oragadam

In Oragadam village, 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 matches the current guideline value of Banu Nagar(32th Avenue).

Stamp duty and registration fee for property in Banu Nagar(32th Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to 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. Duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Banu Nagar(32th Avenue)?

The Sub Registrar Office that covers Banu Nagar(32th 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 in property transactions in Oragadam. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Ensuring that the sale price aligns with or exceeds the guideline value can help facilitate a smoother registration process.

Frequently asked questions

What is the current guideline value of Banu Nagar(32th Avenue)?

The current guideline value of Banu Nagar(32th 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 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, with various revisions in between. Notably, there was a 10% increase from 2023 to 2024.

What are the stamp duty and registration fees for properties in Banu Nagar(32th Avenue)?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000 for these fees.

Which Sub Registrar Office covers Banu Nagar(32th Avenue)?

The Ambattur Sub Registrar Office covers Banu Nagar(32th Avenue), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Banu Nagar(32th Avenue)?

Banu Nagar(32th Avenue) is classified as Residential Special Type - II under the guideline value register.