Guideline Value for INDIAN STEEL ROLL MILL

Indian Steel Roll Mill guideline value

The current guideline value for Indian Steel Roll Mill is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Indian Steel Roll Mill has changed

The guideline value for Indian Steel Roll Mill has seen several revisions over the years. The oldest revision available is from 2017, where the value was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in 2023, marking a change of +9%. The most recent revision in 2024 raised the value to Rs 840 per sq.ft, which is a +5% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by +14%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO, with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, making the 2024 guideline value of Indian Steel Roll Mill above this median.

• Immath Nagar: Rs 750 per sq.ft (2024)
• Indira Gandhi St: Rs 440 per sq.ft (2024)
• Indira Nagar Annexe: Rs 1,200 per sq.ft (2024)
• Harijan Palla St: Rs 440 per sq.ft (2024)
• Harijan Mettu St: Rs 440 per sq.ft (2024)
• I.V.Y Nagar Streets: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Indian Steel Roll Mill

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indian Steel Roll Mill?

The Indian Steel Roll Mill area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When purchasing property in Thiruninravur-A, the guideline value helps to establish a baseline for negotiations. It is important to note that the actual sale price may be higher than the guideline value, and the duty will be charged on whichever is greater.

Frequently asked questions

What is the current guideline value for Indian Steel Roll Mill?

The current guideline value for Indian Steel Roll Mill is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 840 per sq.ft in 2024, marking a total increase of +14% over this period.

What is the median guideline value for streets in Thiruninravur-A?

The median guideline value for streets in Thiruninravur-A is Rs 750 per sq.ft, with Indian Steel Roll Mill's value being above this median.

What are the registration fees for properties in Indian Steel Roll Mill?

For a property valued at Rs 8,40,000, the stamp duty is Rs 58,800 at 7%, and the registration fee is Rs 16,800 at 2%, totaling Rs 75,600.

Which office should I approach for registration in Indian Steel Roll Mill?

The Avadi Sub Registrar Office covers Indian Steel Roll Mill, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.