Guideline Value for TELLUS AVENUE

Tellus Avenue guideline value

The current guideline value of Tellus Avenue is Rs 1,930 per sq.ft, effective from 1 July 2024. This street is located in Manimangalam A village, under the Padappai SRO, and is classified as Residential Special Type - II.

How the guideline value of Tellus Avenue has changed

In the 2023 revision, the guideline value for Tellus Avenue was Rs 1,750 per sq.ft. The increase from 2023 to 2024 is 10%, raising the value to Rs 1,930 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available are from 2023 and 2024, showing a clear upward change in the guideline value. The increase reflects the current valuation trends for properties in this area.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft, with a median value of Rs 880 per sq.ft. Tellus Avenue's guideline value of Rs 1,930 per sq.ft is above this median.

• Thamarai Kanni Amman Koil Street: Rs 880 per sq.ft (2024)
• T.C.Township: Rs 1,430 per sq.ft (2024)
• SVS Nagar: Rs 1,430 per sq.ft (2024)
• Thirumalai Nagar: Rs 770 per sq.ft (2024)
• Sri Vetri Nagar: Rs 880 per sq.ft (2024)
• Sri Sri Hariharan Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Tellus Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value would be Rs 19,30,000. The stamp duty at 7% would amount to Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, bringing the total fees to Rs 1,73,700. 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.

Which Sub Registrar Office covers Tellus Avenue?

The Sub Registrar Office that covers Tellus Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Manimangalam A. It serves as a benchmark for determining the stamp duty and registration fees that are payable when buying or selling property in this area.

When a property is registered, the guideline value is assessed to ensure that the fees are calculated accurately. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Tellus Avenue?

The current guideline value of Tellus Avenue is Rs 1,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Tellus Avenue was Rs 1,750 per sq.ft in 2023, which increased by 10% to Rs 1,930 per sq.ft in 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Tellus Avenue?

Tellus Avenue is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Tellus Avenue is charged at 7% of the guideline value or the sale price, whichever is higher. This means that the fees can vary based on the property's valuation.

Where can I find the Sub Registrar Office for Tellus Avenue?

The Sub Registrar Office covering Tellus Avenue is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles all registration activities for properties in the area.