When tep-ip is updated from switch side, then same is not reflected in ODL side if we try to see tep via tep:show command.

At start, ovs side::

openstack@Openstack-Controller:~/devstack$ sudo ovs-vsctl list Open_vSwitch
_uuid               : 7f25f333-eedb-4c1a-9061-4684107f601d
bridges             : [622edee2-55b7-4399-97d0-4f9f3c434254, dd9cef1a-40a7-4b76-a482-406078bb6ee0]
cur_cfg             : 636
datapath_types      : [netdev, system]
db_version          : "7.14.0"
external_ids        : {hostname=Openstack-Controller, system-id="d0f7c5a0-621c-406e-b106-de2f5577084a"}
iface_types         : [geneve, gre, internal, ipsec_gre, lisp, patch, stt, system, tap, vxlan]
manager_options     : [1ba77c36-e691-41b0-9a55-1634b9d366aa]
next_cfg            : 636
other_config        : {local_ip="192.168.56.250", provider_mappings="public:br-ex"}
ovs_version         : "2.6.0"
ssl                 : []
statistics          : {}
system_type         : ubuntu
system_version      : "16.04"
openstack@Openstack-Controller:~/devstack$

At ODL side:

opendaylight-user@root>tep:show
Tunnel Monitoring (for VXLAN tunnels): On
Tunnel Monitoring Interval (for VXLAN tunnels): 1000

TransportZone     TunnelType        SubnetMask        GatewayIP     VlanID       DpnID        IPAddress        PortName
------------------------------------------------------------------------------------------------------------------------------
default-transport-zone  VXLAN             255.255.255.255/32  0.0.0.0       0            249443888830787 192.168.56.250
opendaylight-user@root>

Change tep-ip at ovs::

openstack@Openstack-Controller:~/devstack$ sudo ovs-vsctl set O . other_config:local_ip="192.168.56.111"

At ODL side, still same tep:

opendaylight-user@root>tep:show
Tunnel Monitoring (for VXLAN tunnels): On
Tunnel Monitoring Interval (for VXLAN tunnels): 1000

TransportZone     TunnelType        SubnetMask        GatewayIP     VlanID       DpnID        IPAddress        PortName
------------------------------------------------------------------------------------------------------------------------------
default-transport-zone  VXLAN             255.255.255.255/32  0.0.0.0       0            249443888830787 192.168.56.250
opendaylight-user@root>