Guideline Value for TATA STEEL YARD

Tata Steel Yard guideline value

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

How the guideline value of Tata Steel Yard has changed

The guideline value for Tata Steel Yard has seen several revisions over the years. The oldest recorded revision is from 2017, with a guideline value of Rs 737 per sq.ft. This was followed by a revision in 2023, which increased the value to Rs 800 per sq.ft, marking a change of +9%. The most recent revision in 2024 set the guideline value at Rs 840 per sq.ft, reflecting a further increase of +5% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by +14%. The register does not contain 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 guideline value for the area is Rs 750 per sq.ft, positioning Tata Steel Yard's 2024 figure above that median.

• Tamil Nadu Slum Clearance Borad: Rs 750 per sq.ft (2024)
• Tamil Kumaran Nagar Part 1: Rs 950 per sq.ft (2024)
• Tamil Kumaran Nagar: Rs 880 per sq.ft (2024)
• T.A.Janakiraman Nagar: Rs 950 per sq.ft (2024)
• Thai Alamelu Mangai Nagar Extn: Rs 660 per sq.ft (2024)
• Thai Alamelu Mangai Nagar Extn 160/2, 4a1, 4a2, 161/3a: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Tata Steel Yard

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total 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 calculate your specific charges using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tata Steel Yard?

The Tata Steel Yard falls under the jurisdiction of the Avadi Sub Registrar Office. The office is 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 plays a crucial role during the registration process when buying or selling property in Thiruninravur-A. It is used to determine the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Tata Steel Yard?

The current guideline value of Tata Steel Yard is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What are the stamp duty and registration fees for properties in Tata Steel Yard?

For a property valued at Rs 8,40,000, the total stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, making a total of Rs 75,600.

Which Sub Registrar Office is responsible for Tata Steel Yard?

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

What is the land classification of Tata Steel Yard?

Tata Steel Yard is classified as Residential Class II Type - II, which is important for understanding its use and potential development.