Guideline Value for COSMO VILLAGE EXTENTION

Cosmo Village Extention guideline value

The current guideline value of Cosmo Village Extention is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Somayampalayam village, under the Vadavalli SRO, and is classified as Residential Special Type - II.

How the guideline value of Cosmo Village Extention has changed

The guideline value for Cosmo Village Extention has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then further rose to Rs 990 per sq.ft in 2024. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

When examining the changes, the value increased by 49% from 2017 to 2023, and then by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 for these streets is Rs 720 per sq.ft, positioning Cosmo Village Extention's 2024 figure above this median.

• Cosmo Village Avenue: Rs 720 per sq.ft (2024)
• Cosmo Nagar: Rs 550 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 Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees together to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cosmo Village Extention?

The Sub Registrar Office that covers Cosmo Village Extention 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 when buying or selling property in Somayampalayam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cosmo Village Extention?

The current guideline value of Cosmo Village Extention is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Cosmo Village Extention?

Cosmo Village Extention is classified as Residential Special Type - II.

Where is the Sub Registrar Office for Cosmo Village Extention located?

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

How is stamp duty calculated for properties in Cosmo Village Extention?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.