Guideline Value for TELLUS AVENUE

Tellus Avenue guideline value

The current guideline value of Tellus Avenue is Rs 300 per sq.ft, as per the 2023 revision. This street is located in Murugamangalam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Tellus Avenue has changed

In the 2012 revision, the guideline value for Tellus Avenue was set at Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, in the 2023 revision, the guideline value increased to Rs 300 per sq.ft once again. The register has no figures for the revisions in 2002, 2003, 2007, and 2024.

From the 2017 revision to the 2023 revision, there was an increase of 49%. In contrast, the change from the 2012 to 2017 revision saw a decrease of 33%. Overall, comparing the 2012 and 2023 revisions, there has been no change in the guideline value.

Guideline values in Murugamangalam

Currently, there are no specific village figures available for Murugamangalam. Tellus Avenue is the only street mentioned in the context of guideline values under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Tellus Avenue

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the 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 Tellus Avenue?

The Sub Registrar Office that covers Tellus Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Murugamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transactions are documented accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Tellus Avenue?

The current guideline value of Tellus Avenue is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained at Rs 300 per sq.ft in 2012 and again in 2023, but it decreased to Rs 201 per sq.ft in 2017. The register has no figures for the revisions in 2002, 2003, 2007, and 2024.

What are the stamp duty and registration fees for property in Tellus Avenue?

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total stamp duty and registration fees would amount to Rs 27,000, which includes Rs 21,000 for stamp duty and Rs 6,000 for registration fees.

Where is the Sub Registrar Office for Tellus Avenue located?

The Gooduvancheri Sub Registrar Office covers Tellus Avenue and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for determining the minimum value for property registration. The stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price during property transactions.