Guideline Value for Cosmo City

Cosmo City guideline value

The current guideline value of Cosmo City in Paandoor village is Rs 1,614 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Mixed Special Type - II.

How the guideline value of Cosmo City has changed

The guideline value for Cosmo City has seen several revisions over the years. The 2017 revision set the value at Rs 1,081 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,614 per sq.ft. The most recent revision in 2024 continued this value, showing no percentage change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%, reflecting the same rate of Rs 1,614 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Paandoor

In Paandoor, there are 35 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft, with a median value of Rs 1,493 per sq.ft. The guideline value for Cosmo City is above this median, indicating a relatively higher valuation compared to other streets in the village.

• Dr. Apj Abdul Kalam Nagar: Rs 805 per sq.ft (2024)
• Bavisha Gardens: Rs 1,493 per sq.ft (2024)
• Gmr Avenue: Rs 600 per sq.ft (2024)
• Arul Murugan Nagar: Rs 450 per sq.ft (2024)
• Jai Avenue: Rs 1,493 per sq.ft (2024)
• Amar Garden Phase I: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Cosmo City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,614 per sq.ft, the total guideline value would be Rs 16,14,000. The stamp duty at 7% would amount to Rs 1,12,980, and the registration fee at 2% would be Rs 32,280, bringing the total to Rs 1,45,260. It's important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cosmo City?

The Sub Registrar Office that covers Cosmo City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Paandoor. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the officially recognized values of properties in the area.

Frequently asked questions

What is the current guideline value of Cosmo City?

The current guideline value of Cosmo City in Paandoor village is Rs 1,614 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cosmo City has remained at Rs 1,614 per sq.ft since the 2023 revision, which also recorded the same value. The 2017 revision was Rs 1,081 per sq.ft, showing a 49% increase to the current value.

What are the guideline values for other streets in Paandoor?

Other streets in Paandoor have varied guideline values ranging from Rs 450 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,493 per sq.ft, with Cosmo City being above this median.

What are the stamp duty and registration fees for property in Cosmo City?

For a 1,000 sq.ft plot in Cosmo City, the total guideline value would be Rs 16,14,000. The stamp duty would be Rs 1,12,980 and the registration fee would be Rs 32,280, totaling Rs 1,45,260.

Which office handles property registrations for Cosmo City?

The Thiruporur Sub Registrar Office handles property registrations for Cosmo City. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.