Guideline Value for Jones Cassia-II

Jones Cassia-II guideline value

The current guideline value of Jones Cassia-II 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-II has changed

The guideline value for Jones Cassia-II has seen significant changes over the years. In the 2017 revision, the value was Rs 1,675 per sq.ft. This increased to Rs 2,986 per sq.ft in the 2023 revision, marking a substantial rise of 78%. The latest revision in 2024 sets the value at Rs 3,200 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 91%.

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 Jones Cassia-II above this median.

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

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, bringing the total to Rs 2,88,000. It is important to 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 information.

Which Sub Registrar Office covers Jones Cassia-II?

The Jones Cassia-II property falls under 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 is a crucial factor in the registration process when buying or selling property in Ottiyampakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Jones Cassia-II 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, marking a total increase of 91% over this period.

What are the other streets in Ottiyampakkam with their guideline values?

Other streets in Ottiyampakkam include Jones Cassia at Rs 2,700 per sq.ft, Jones Cassia-III at Rs 3,200 per sq.ft, and several others ranging from Rs 2,200 to Rs 2,700 per sq.ft.

What fees are associated with buying property in Jones Cassia-II?

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

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

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