Guideline Value for JONES CASSIA-IV

Jones Cassia-IV guideline value

The current guideline value of Jones Cassia-IV is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Ottiyampakkam village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Jones Cassia-IV has changed

The guideline value register for Jones Cassia-IV has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase of 8% from the 2023 figure of Rs 2,500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

In 2023, the value was Rs 2,500 per sq.ft, which was the first recorded figure since earlier revisions. The changes from 2023 to 2024 reflect the ongoing adjustments in the guideline values based on various factors affecting property in the region.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO with a 2024 guideline value range from Rs 1,300 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,950 per sq.ft, placing the Jones Cassia-IV value above this median.

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

Stamp duty and registration fee for property in Jones Cassia-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges to Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jones Cassia-IV?

The Sub Registrar Office covering Jones Cassia-IV 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 the registration of property transactions in Ottiyampakkam. It serves as the benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

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

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

How much has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase.

What are the other streets with guideline values in Ottiyampakkam?

Other streets in Ottiyampakkam include Jones Cassia-III Extension-I at Rs 2,700 per sq.ft, Jones Cassia-V at Rs 2,200 per sq.ft, and Jones Cassia-III at Rs 3,200 per sq.ft, among others.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For instance, a 1,000 sq.ft plot at Rs 2,700 per sq.ft would incur a total of Rs 2,43,000 in charges.

Where can I find the Sub Registrar Office for Jones Cassia-IV?

The Selaiyur Sub Registrar Office covers Jones Cassia-IV and is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.