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Guideline Value

Corporate

Guideline Value for Banu Nagar(6th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(6th 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(6th Avenue)

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Banu Nagar(6th Avenue) guideline value

The current guideline value of Banu Nagar(6th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Banu Nagar(6th Avenue) has changed

The guideline value for Banu Nagar(6th Avenue) has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. It increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 900%. However, this value decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value then rose sharply to Rs 2,000 per sq.ft in 2023, followed by another increase to the current rate of Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years 2003 and 2007 for this street in the register. Overall, from 2002 to 2024, the guideline value has increased by 1000%, highlighting the fluctuations in property values over the years.

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 guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Banu Nagar(6th Avenue).

Stamp duty and registration fee for property in Banu Nagar(6th 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 together 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.

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

Which Sub Registrar Office covers Banu Nagar(6th Avenue)?

The Sub Registrar Office that covers Banu Nagar(6th 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 the registration process when buying or selling property in Oragadam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Banu Nagar(6th Avenue)?

The current guideline value of Banu Nagar(6th 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 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 this period.

What is the registration office for Banu Nagar(6th Avenue)?

The registration office for Banu Nagar(6th 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 stamp duty calculated for properties in Banu Nagar(6th Avenue)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

What other streets in Oragadam have the same guideline value?

Several other streets in Oragadam have the same guideline value of Rs 2,200 per sq.ft, including Banu Nagar 5th Main Road, Banu Nagar 6th Main Road, Banu Nagar(5th Avenue), Banu Nagar(7th Avenue), Banu Nagar 4th Main Road, and Banu Nagar 7th Main Road.