Guideline Value for Tellus Avenue Phase I

Tellus Avenue Phase I guideline value

The current guideline value of Tellus Avenue Phase I is Rs 4,000 per sq.ft, effective from 1 July 2024. This property is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Mixed Type - III land.

How the guideline value of Tellus Avenue Phase I has changed

The guideline value for Tellus Avenue Phase I has seen several revisions over the years. The oldest recorded figure is from 2012, where the guideline value was Rs 2,500 per sq.ft. This remained unchanged until the 2017 revision, which also recorded Rs 2,500 per sq.ft. However, in 2017, the value increased to Rs 2,500 per sq.ft, and then rose significantly to Rs 3,734 per sq.ft in 2023, marking a 49% increase over the six-year period. The most recent revision in 2024 has set the guideline value at Rs 4,000 per sq.ft, reflecting a 7% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 60%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, placing Tellus Avenue Phase I's 2024 figure above that median.

• Tellus Avenue Phase II: Rs 2,700 per sq.ft (2024)
• Tellus Avenue: Rs 2,700 per sq.ft (2024)
• Tellus Avenue Phase II Extension: Rs 2,700 per sq.ft (2024)
• Tan Avenue: Rs 1,900 per sq.ft (2024)
• Sundar Colony: Rs 1,300 per sq.ft (2024)
• Sundar Avenue: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Tellus Avenue Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tellus Avenue Phase I?

The Sub Registrar Office covering Tellus Avenue Phase I 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 Rajakilpakkam

The guideline value is a critical reference for property transactions in Rajakilpakkam. It helps determine the stamp duty and registration fees that buyers and sellers must pay during the registration process. This ensures that the property is valued appropriately according to the current market standards set by the Registration Department.

When buying or selling property, it is essential to be aware of the guideline value as it can affect the overall costs involved in the transaction. Buyers should ensure they are informed about the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Tellus Avenue Phase I?

The current guideline value of Tellus Avenue Phase I is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 4,000 per sq.ft in 2024, marking an overall increase of 60% over this period.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 40,00,000. The stamp duty is Rs 2,80,000 and the registration fee is Rs 80,000, totaling Rs 3,60,000.

Which Sub Registrar Office covers Tellus Avenue Phase I?

The Selaiyur Sub Registrar Office covers Tellus Avenue Phase I, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Tellus Avenue Phase I?

The land classification of Tellus Avenue Phase I is Mixed Type - III, indicating its diverse usage potential.