Guideline Value for Tellus Avenue Phase-II

Tellus Avenue Phase-II guideline value

The current guideline value of Tellus Avenue Phase-II is Rs 3,200 per sq.ft. It is located in Ottiyampakkam village, under the Selaiyur SRO, with a land classification of Mixed Type - II.

How the guideline value of Tellus Avenue Phase-II has changed

The guideline value for Tellus Avenue Phase-II has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,986 per sq.ft, which increased by 7% to Rs 3,200 per sq.ft in the 2024 revision.

This 2024 figure reflects a significant change from the previous year, indicating an upward adjustment in the guideline value. The 2024 revision marks the current rate effective from 1 July 2024.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value is Rs 1,950 per sq.ft, placing the 2024 figure for Tellus Avenue Phase-II above this median.

• Tellus Avenue: Rs 3,200 per sq.ft (2024)
• Thangarajapuram: Rs 1,950 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,950 per sq.ft (2024)
• Sri Sai Nagar Phase-III: Rs 3,200 per sq.ft (2024)
• Sri Sai Nagar Phase-II: Rs 3,200 per sq.ft (2024)
• Sri Sai Nagar Annexe: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Tellus Avenue Phase-II

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

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Tellus Avenue Phase-II?

The Sub Registrar Office that covers Tellus Avenue Phase-II 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 information.

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

The guideline value is a crucial factor during property transactions in Ottiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware that the guideline value may influence the final sale price of the property.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Tellus Avenue Phase-II?

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

How has the guideline value changed in recent years?

The guideline value increased from Rs 2,986 per sq.ft in 2023 to Rs 3,200 per sq.ft in 2024, marking a 7% rise.

What is the land classification for Tellus Avenue Phase-II?

The land classification for Tellus Avenue Phase-II is Mixed Type - II.

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

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for ensuring accurate recording of property sales in official records.