Guideline Value for INDIAN STEEL ROLL MILL

Indian Steel Roll Mill guideline value

The current guideline value for Indian Steel Roll Mill is Rs 870 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-B village, under the Avadi SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Indian Steel Roll Mill has changed

Since the 2017 revision, the guideline value for Indian Steel Roll Mill has seen a steady increase. The 2017 revision set the value at Rs 737 per sq.ft, which then rose to Rs 800 per sq.ft in 2023, marking a 9% increase. The latest revision in 2024 has further increased the value to Rs 870 per sq.ft, reflecting another 9% rise.

Overall, from 2017 to 2024, the guideline value has increased by 18%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing the Indian Steel Roll Mill's 2024 figure above this median.

• Immath Nagar: Rs 770 per sq.ft (2024)
• Indira Gandhi St: Rs 440 per sq.ft (2024)
• Indira Nagar Annexe: Rs 1,190 per sq.ft (2024)
• Hebron Avenue: Rs 1,320 per sq.ft (2024)
• Harijan Palla St: Rs 440 per sq.ft (2024)
• Harijan Mettu St: Rs 440 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 guideline value of Rs 870 per sq.ft, the total guideline value would be Rs 8,70,000. The stamp duty at 7% would amount to Rs 60,900, and the registration fee at 2% would be Rs 17,400, making the total cost for these fees Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indian Steel Roll Mill?

The Indian Steel Roll Mill 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 details.

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

The guideline value is a crucial factor in property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When registering a property, the guideline value is considered to ensure that the transaction reflects the current market conditions. This helps in maintaining transparency and compliance with regulatory requirements.

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 870 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 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. This represents an overall increase of 18% from 2017 to 2024.

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

The median guideline value for the 374 streets in Thiruninravur-B is Rs 770 per sq.ft. The Indian Steel Roll Mill's 2024 figure is above this median.

What are the stamp duty and registration fees for Indian Steel Roll Mill?

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total fees would amount to Rs 78,300, which includes stamp duty and registration fees.

Where is the Avadi Sub Registrar Office located?

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