Guideline Value for COSMO GARDEN

Cosmo Garden guideline value

The current guideline value of Cosmo Garden is Rs 775 per sq.ft, effective from 1 July 2024. This area is located in Somayampalayam village under the Vadavalli SRO and is classified as Residential Class IV Type - II.

How the guideline value of Cosmo Garden has changed

The guideline value for Cosmo Garden has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 775 per sq.ft, a notable increase from Rs 469 per sq.ft in the 2023 revision. The 2023 figure remained unchanged from the 2017 revision, which also recorded Rs 469 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 65%. The jump from 2023 to 2024 represents a 65% rise, marking a significant change in the valuation of this property.

Guideline values in Somayampalayam

In Somayampalayam, there are 139 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 720 per sq.ft. The guideline value of Cosmo Garden at Rs 775 per sq.ft is above this median.

• Cosmo Nagar: Rs 550 per sq.ft (2024)
• Cosmo Village Avenue: Rs 720 per sq.ft (2024)
• Cosmo Village Extention: Rs 990 per sq.ft (2024)
• Co-Operative Bank Colony: Rs 550 per sq.ft (2024)
• C.T.C.Nagar Extention: Rs 550 per sq.ft (2024)
• Devanga Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Cosmo Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 775 per sq.ft, the total guideline value amounts to Rs 7,75,000. The stamp duty at 7% would be Rs 54,250, and the registration fee at 2% would be Rs 15,500, bringing the total charges to Rs 69,750. Please note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cosmo Garden?

The Sub Registrar Office covering Cosmo Garden is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Somayampalayam

The guideline value is a crucial factor during the registration process when buying or selling property in Somayampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is registered, the authorities use the guideline value to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the registration process is conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Cosmo Garden?

The current guideline value of Cosmo Garden is Rs 775 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2024, the guideline value has increased by 65%, with the most recent revision in 2024 showing a significant rise from Rs 469 per sq.ft in 2023.

What is the land classification of Cosmo Garden?

Cosmo Garden is classified as Residential Class IV Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Cosmo Garden?

The Sub Registrar Office for Cosmo Garden is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated in Cosmo Garden?

Stamp duty in Cosmo Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 7,75,000, leading to a stamp duty of Rs 54,250.