Guideline Value for TATA STEEL YARD

Tata Steel Yard guideline value

The current guideline value of Tata Steel Yard is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Tata Steel Yard has changed

The guideline value of Tata Steel Yard has undergone several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft. In 2023, it increased to Rs 800 per sq.ft, marking a 9% rise. The most recent revision in 2024 brought the guideline value to Rs 870 per sq.ft, again reflecting a 9% increase from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 18%. This indicates a steady rise in the value of properties in this area over the years.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Tata Steel Yard is above this median.

• Tamil Nadu Slum Clearance Borad: Rs 770 per sq.ft (2024)
• Tamil Kumaran Nagar Part 1: Rs 1,400 per sq.ft (2024)
• Tamil Kumaran Nagar: Rs 1,320 per sq.ft (2024)
• T.A Janakiraman Nagar: Rs 1,400 per sq.ft (2024)
• Thai Alamelumangai Nagar Extn: Rs 990 per sq.ft (2024)
• Swathi Avenue: Rs 770 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 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total cost for these fees to Rs 78,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tata Steel Yard?

The Tata Steel Yard 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-B

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Tata Steel Yard?

The current guideline value of Tata Steel Yard is Rs 870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 870 per sq.ft in 2024, marking an overall increase of 18% over this period.

What is the land classification for Tata Steel Yard?

The land classification for Tata Steel Yard is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Tata Steel Yard?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 870 per sq.ft would incur a total fee of Rs 78,300.