Guideline Value for TELLUS AVENUE PHASE-2 PART

Tellus Avenue Phase-2 Part guideline value

The current guideline value of Tellus Avenue Phase-2 Part is Rs 1,000 per sq.ft. This street is located in Murugamangalam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Tellus Avenue Phase-2 Part has changed

The guideline value for Tellus Avenue Phase-2 Part has undergone several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 1,000 per sq.ft, which is an increase from Rs 670 per sq.ft in the 2017 revision. Notably, there was a decrease of 33% from the 2012 revision, which was also Rs 1,000 per sq.ft, to the 2017 revision. Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 1,000 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Therefore, the changes in guideline value are only reflected between the years where figures are provided.

Guideline values in Murugamangalam

Currently, there are no specific village figures available for Murugamangalam. Tellus Avenue Phase-2 Part is part of the residential landscape in this village. Unfortunately, there are no other streets in Murugamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Tellus Avenue Phase-2 Part

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty, charged at 7%, would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or 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-2 Part?

The Sub Registrar Office that covers Tellus Avenue Phase-2 Part is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Murugamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements of property registration.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Tellus Avenue Phase-2 Part?

The current guideline value of Tellus Avenue Phase-2 Part is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023. Overall, from 2012 to 2023, the guideline value has remained unchanged.

What is the land classification of Tellus Avenue Phase-2 Part?

The land classification for Tellus Avenue Phase-2 Part is Residential Special Type - II.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for property in Tellus Avenue Phase-2 Part?

Stamp duty for property in Tellus Avenue Phase-2 Part is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 70,000.