Guideline Value for JONES CASSIA-VI

Jones Cassia-VI guideline value

The current guideline value of Jones Cassia-VI is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ottiyampakkam village under the Selaiyur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Jones Cassia-VI has changed

The guideline value for Jones Cassia-VI has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. This reflects a significant adjustment, but there are no available figures for earlier revisions, indicating a gap in the historical data for this location.

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 Jones Cassia-VI above this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jones Cassia-VI?

The Sub Registrar Office that covers Jones Cassia-VI 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 in the registration process when buying or selling property in Ottiyampakkam. It helps determine the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the property is registered at a fair value, aligning with the local regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Jones Cassia-VI is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Jones Cassia-VI?

Jones Cassia-VI is classified as Residential Special Type - I.

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.

How is stamp duty calculated for properties in Jones Cassia-VI?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total guideline value of Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.