Guideline Value for COSMO VILLAGE AVENUE

Cosmo Village Avenue guideline value

The current guideline value of Cosmo Village Avenue is Rs 720 per sq.ft, effective from 1 July 2024. This street is located in Somayampalayam village under the Vadavalli SRO, classified as Residential Class I Type - I.

How the guideline value of Cosmo Village Avenue has changed

The guideline value for Cosmo Village Avenue has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 500 per sq.ft. This was followed by a decrease to Rs 435 per sq.ft in 2017. In 2023, the value increased to Rs 650 per sq.ft, and the most recent revision in 2024 saw it rise to Rs 720 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 44%. The changes between revisions include a 49% increase from 2017 to 2023 and a 13% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median value is Rs 720 per sq.ft, which is equal to the current value of Cosmo Village Avenue.

• Cosmo Nagar: Rs 550 per sq.ft (2024)
• Cosmo Village Extention: Rs 990 per sq.ft (2024)
• Cosmo Garden: Rs 775 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 Village Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total charges to Rs 64,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cosmo Village Avenue?

The Sub Registrar Office that covers Cosmo Village Avenue 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 critical factor in the registration process when buying or selling property in Somayampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is considered alongside the sale price to calculate the applicable duties. This ensures that the transaction is recorded at a value recognized by the Registration Department, helping maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Cosmo Village Avenue?

The current guideline value of Cosmo Village Avenue is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 720 per sq.ft in 2024, showing an overall increase of 44% over this period.

What is the median guideline value in Somayampalayam?

The median guideline value in Somayampalayam is Rs 720 per sq.ft, which is the same as the current value for Cosmo Village Avenue.

What are the stamp duty and registration fees for a property in Cosmo Village Avenue?

For a property valued at Rs 7,20,000, the stamp duty would be Rs 50,400 and the registration fee would be Rs 14,400, totaling Rs 64,800.

Which office handles the registration for Cosmo Village Avenue?

The Vadavalli Sub Registrar Office handles the registration for Cosmo Village Avenue, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.