Guideline Value for JONES CASSIA-III EXTENSION-I

Jones Cassia-III Extension-I guideline value

The current guideline value of Jones Cassia-III Extension-I is Rs 2,700 per sq.ft. This property is located in Ottiyampakkam village, under the Selaiyur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

How the guideline value of Jones Cassia-III Extension-I has changed

The guideline value register for Jones Cassia-III Extension-I does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,500 per sq.ft, and it increased to Rs 2,700 per sq.ft in the 2024 revision, marking an increase of 8%.

Thus, the current guideline value reflects the latest revision effective from 1 July 2024. The previous value of Rs 2,500 per sq.ft from 2023 indicates a steady increase in the guideline value over the years.

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, with a median value of Rs 1,950 per sq.ft. The guideline value for Jones Cassia-III Extension-I is above this median.

• Jones Cassia-III: Rs 3,200 per sq.ft (2024)
• Jones Cassia-IV: Rs 2,700 per sq.ft (2024)
• Jones Cassia-II: Rs 3,200 per sq.ft (2024)
• Jones Cassia-V: Rs 2,200 per sq.ft (2024)
• Jones Cassia: Rs 2,700 per sq.ft (2024)
• Jones Cassia-VI: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jones Cassia-III Extension-I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total cost of Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jones Cassia-III Extension-I?

The Sub Registrar Office that covers Jones Cassia-III Extension-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 information.

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

The guideline value is an important factor in the registration process when buying or selling property in Ottiyampakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that all property transactions are fairly assessed and documented according to the prevailing guidelines.

Frequently asked questions

What is the current guideline value of Jones Cassia-III Extension-I?

The current guideline value of Jones Cassia-III Extension-I is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Ottiyampakkam?

Other streets in Ottiyampakkam have guideline values ranging from Rs 2,200 to Rs 3,200 per sq.ft in 2024. The median value for the area is Rs 1,950 per sq.ft.

What fees are associated with buying property in Jones Cassia-III Extension-I?

When buying property in Jones Cassia-III Extension-I, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the appropriate link.