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Guideline Value

Corporate

Guideline Value for Banu Nagar(9th Avenue)

₹2200/sq.ft.

The guideline value for Banu Nagar(9th 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(9th Avenue)

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Banu Nagar(9th Avenue) guideline value

The current guideline value of Banu Nagar(9th 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(9th Avenue) has changed

The guideline value for Banu Nagar(9th Avenue) has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 200 per sq.ft. It then increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a 900% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 2,000 per sq.ft in the 2023 revision, and most recently, it increased to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 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 current guideline value for Banu Nagar(9th Avenue).

Stamp duty and registration fee for property in Banu Nagar(9th Avenue)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Banu Nagar(9th Avenue)?

The Sub Registrar Office that covers Banu Nagar(9th Avenue) is the Ambattur Sub Registrar Office. The address is 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. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the total cost involved in the transaction. Understanding these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Banu Nagar(9th Avenue)?

The current guideline value of Banu Nagar(9th 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, marking a total increase of 1000% over the years.

What are the other streets in Oragadam with the same guideline value?

Other streets in Oragadam that share the same guideline value of Rs 2,200 per sq.ft include Banu Nagar 8th Avenue 1st Cross Street, Banu Nagar (Anna Street), Banu Nagar(8th Avenue), Banu Nagar Daniel 1st Cross Street, Banu Nagar 7th Main Road, and Banu Nagar Daniel Cross Street.

Where is the Sub Registrar Office for Banu Nagar(9th Avenue)?

The Sub Registrar Office for Banu Nagar(9th Avenue) 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(9th Avenue)?

Stamp duty for properties in Banu Nagar(9th Avenue) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 22,00,000, the stamp duty would amount to Rs 1,54,000.