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Guideline Value

Corporate

Guideline Value for Banu Nagar(4th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(4th 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(4th Avenue)

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Banu Nagar(4th Avenue) guideline value

The current guideline value of Banu Nagar(4th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - II.

How the guideline value of Banu Nagar(4th Avenue) has changed

The guideline value for Banu Nagar(4th Avenue) has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 200 per sq.ft. This increased significantly to Rs 605 per sq.ft in 2007, marking a 203% rise. In 2012, the value was Rs 2,000 per sq.ft, which was a decrease of 33% from the previous revision. The value then rose to Rs 1,340 per sq.ft in 2017, which was a 49% increase from 2012. The 2023 revision set the value at Rs 2,000 per sq.ft, and the latest revision in 2024 increased it to Rs 2,200 per sq.ft, reflecting a 10% rise.

It is important to note that the register has no figure for the year 2003. 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 value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Banu Nagar(4th Avenue).

Stamp duty and registration fee for property in Banu Nagar(4th 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 to 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. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Banu Nagar(4th Avenue)?

The Sub Registrar Office that covers Banu Nagar(4th 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 plays a crucial role in the property registration process in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to calculate the associated costs accurately.

When a property is bought or sold, the guideline value is considered to ensure that the transaction is recorded accurately. This value serves as a benchmark for assessing the property's worth, and it is essential for both parties to understand how it impacts the overall financial aspects of the sale.

Frequently asked questions

What is the current guideline value of Banu Nagar(4th Avenue)?

The current guideline value of Banu Nagar(4th 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 is the land classification for Banu Nagar(4th Avenue)?

Banu Nagar(4th Avenue) is classified as Residential Special Type - II under the current guidelines.

Where can I find the Sub Registrar Office for Banu Nagar(4th Avenue)?

The Sub Registrar Office for Banu Nagar(4th Avenue) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Banu Nagar(4th Avenue)?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.