Guideline Value for JONES CASSIA-V

Jones Cassia-V guideline value

The current guideline value of Jones Cassia-V is Rs 2,200 per sq.ft. This property 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-V has changed

The guideline value for Jones Cassia-V has seen several revisions over the years. The 2017 revision set the value at Rs 1,800 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The current revision, effective from 1 July 2024, has further increased the guideline value to Rs 2,200 per sq.ft, marking a change of +10% from the previous year.

Between the 2017 and 2023 revisions, there was an increase of +11%. Overall, from the 2017 revision to the current 2024 revision, the guideline value has risen by +22%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 for these streets is Rs 1,950 per sq.ft, placing the guideline value of Jones Cassia-V above this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jones Cassia-V?

The Sub Registrar Office covering Jones Cassia-V 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 critical component in the registration process for property transactions in Ottiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is legally documented and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,800 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of +22% over this period.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Jones Cassia-V?

The Selaiyur Sub Registrar Office covers Jones Cassia-V, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the median guideline value for streets in Ottiyampakkam?

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