Guideline Value

Corporate

Guideline Value for TELLUS AVENUE

₹3200/sq.ft.

The guideline value for Tellus Avenue in Ottiyampakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 3200 per sq.ft, effective 1 July 2024. It was Rs 2986 per sq.ft from 1 April 2023, a 7% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ottiyampakkam

Village

Selaiyur

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹3200 /sq.ft.
From 1-4-2023 ₹2986 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2000 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Tellus Avenue

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Tellus Avenue guideline value

The current guideline value of Tellus Avenue, located in Ottiyampakkam village under the Selaiyur SRO, is Rs 3,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Tellus Avenue has changed

The guideline value of Tellus Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 2,000 per sq.ft, which increased to Rs 2,986 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 3,200 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 60%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,950 per sq.ft, and Tellus Avenue's current guideline value is above this median.

Stamp duty and registration fee for property in Tellus Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total cost for these fees to Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers Tellus Avenue?

The Sub Registrar Office that covers Tellus Avenue 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 details.

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

The guideline value is a crucial factor in property transactions in Ottiyampakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, which helps in maintaining transparency in the real estate market. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Tellus Avenue?

The current guideline value of Tellus Avenue is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2017 to Rs 2,986 per sq.ft in 2023, and now to Rs 3,200 per sq.ft in 2024. This represents an overall increase of 60% from 2017 to 2024.

What are the other streets in Ottiyampakkam with guideline values?

Other streets in Ottiyampakkam include Tellus Avenue Phase-II, Thangarajapuram, Thiruvalluvar Street, Sri Sai Nagar Phase-III, Sri Sai Nagar Phase-II, and Sri Sai Nagar Annexe, with values ranging from Rs 1,950 to Rs 3,200 per sq.ft in 2024.

What is the stamp duty rate for property in Tellus Avenue?

The stamp duty rate for property in Tellus Avenue is 7% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 32,00,000, the stamp duty would be Rs 2,24,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for properties in the area.