Guideline Value for JONES CASSIA-III

Jones Cassia-III guideline value

The current guideline value of Jones Cassia-III is Rs 3,200 per sq.ft, effective from 1 July 2024. This property is located in Ottiyampakkam village under the Selaiyur SRO, classified as Mixed Type - II.

How the guideline value of Jones Cassia-III has changed

The guideline value for Jones Cassia-III has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased significantly to Rs 2,986 per sq.ft in 2023. The latest revision in 2024 has further raised the value to Rs 3,200 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a substantial increase of 91%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that have a guideline value for 2024, ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median guideline value in this village is Rs 1,950 per sq.ft, making the current value of Jones Cassia-III above this median.

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

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

You can use our stamp duty and registration fee calculator for more information on charges applicable to your property.

Which Sub Registrar Office covers Jones Cassia-III?

The Sub Registrar Office that covers Jones Cassia-III 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 Ottiyampakkam

The guideline value plays a crucial role during the registration process when buying or selling property in Ottiyampakkam. It is used to determine the stamp duty and registration fees that must be paid based on the property's value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is considered for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Jones Cassia-III is Rs 3,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 3,200 per sq.ft in 2024, which is an overall increase of 91% over this period.

What is the median guideline value in Ottiyampakkam?

The median guideline value in Ottiyampakkam is Rs 1,950 per sq.ft, with Jones Cassia-III's value being above this median.

What are the stamp duty and registration fees for property in Jones Cassia-III?

For a property valued at Rs 32,00,000, the stamp duty would be Rs 2,24,000 and the registration fee would be Rs 64,000, totaling Rs 2,88,000.

Where is the Sub Registrar Office for Jones Cassia-III located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.