Guideline Value for Tell-Us Avenue Phase-I

Tell-Us Avenue Phase-I guideline value

The current guideline value for Tell-Us Avenue Phase-I is Rs 900 per sq.ft. This property is located in Rathinamangalam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Tell-Us Avenue Phase-I has changed

Looking at the revisions, the guideline value for Tell-Us Avenue Phase-I was Rs 900 per sq.ft in 2012. It then decreased to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back up to Rs 900 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, remaining at Rs 900 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. Tell-Us Avenue Phase-I is one of the streets under the Gooduvancheri SRO, but no other streets in Rathinamangalam have been listed.

Stamp duty and registration fee for property in Tell-Us Avenue Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Tell-Us Avenue Phase-I?

The Sub Registrar Office that covers Tell-Us Avenue Phase-I 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 Rathinamangalam

The guideline value is a crucial factor in the registration process when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

During registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Tell-Us Avenue Phase-I?

The current guideline value for Tell-Us Avenue Phase-I is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Tell-Us Avenue Phase-I was Rs 900 per sq.ft in 2012, decreased to Rs 603 per sq.ft in 2017, and then increased back to Rs 900 per sq.ft in 2023. Overall, there has been no change in the guideline value from 2012 to 2023.

What is the stamp duty rate for property in Tell-Us Avenue Phase-I?

The stamp duty rate for property transactions in Tell-Us Avenue Phase-I is 7% of the guideline value or sale price, whichever is higher.

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.

What is the land classification for Tell-Us Avenue Phase-I?

The land classification for Tell-Us Avenue Phase-I is Residential Special Type - I, indicating its designated use within the area.