Guideline Value for TELLUS AVENUE PHASE II EXTENSION

Tellus Avenue Phase II Extension guideline value

The current guideline value of Tellus Avenue Phase II Extension is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Tellus Avenue Phase II Extension has changed

The guideline value for Tellus Avenue Phase II Extension has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,500 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 1,675 per sq.ft. In 2023, the value increased significantly to Rs 2,500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the values from 2012 to 2024, there has been an 8% increase. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median value is Rs 2,150 per sq.ft, placing the guideline value of Tellus Avenue Phase II Extension above this median.

• Tellus Avenue Phase II: Rs 2,700 per sq.ft (2024)
• Tellus Avenue Phase I: Rs 4,000 per sq.ft (2024)
• Tellus Avenue: Rs 2,700 per sq.ft (2024)
• Tan Avenue: Rs 1,900 per sq.ft (2024)
• Sundar Colony: Rs 1,300 per sq.ft (2024)
• Sundar Avenue: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Tellus Avenue Phase II Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tellus Avenue Phase II Extension?

The Sub Registrar Office that covers Tellus Avenue Phase II Extension is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Rajakilpakkam

The guideline value is a crucial factor during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Tellus Avenue Phase II Extension?

The current guideline value of Tellus Avenue Phase II Extension is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 2,500 per sq.ft in 2023, Rs 1,675 per sq.ft in 2017, and Rs 2,500 per sq.ft in 2012. The most recent revision in 2024 increased the value to Rs 2,700 per sq.ft.

What is the land classification for Tellus Avenue Phase II Extension?

The land classification for Tellus Avenue Phase II Extension is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Rajakilpakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.