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Guideline Value

Corporate

Guideline Value for Banu Nagar(7th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(7th 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(7th Avenue)

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Banu Nagar(7th Avenue) guideline value

The current guideline value for Banu Nagar(7th 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 it falls under the Residential Special Type - II land classification.

How the guideline value of Banu Nagar(7th Avenue) has changed

The guideline value for Banu Nagar(7th Avenue) has seen several revisions over the years. Starting from the 2002 revision, where the value was Rs 200 per sq.ft, it increased significantly to Rs 2,000 per sq.ft in 2012, marking a 900% increase. However, in 2017, the value dropped to Rs 1,340 per sq.ft, which was a decrease of 33%. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and the most recent 2024 revision set it at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, from the 2002 revision to the 2024 revision, the increase in guideline value is a substantial 1000%. It is important to note that there are no figures available for the years 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 for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Banu Nagar(7th Avenue).

Stamp duty and registration fee for property in Banu Nagar(7th Avenue)

For a property measuring 1,000 sq.ft 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, leading to a total cost of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Banu Nagar(7th Avenue)?

The Sub Registrar Office that covers Banu Nagar(7th 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 when buying or selling property in Oragadam as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements and to calculate applicable fees.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Banu Nagar(7th Avenue)?

The current guideline value for Banu Nagar(7th 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(7th Avenue)?

Banu Nagar(7th Avenue) falls under the Residential Special Type - II land classification.

Where can I find the Sub Registrar Office for Banu Nagar(7th Avenue)?

The Sub Registrar Office for Banu Nagar(7th 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(7th Avenue)?

Stamp duty for properties in Banu Nagar(7th Avenue) is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2%.