Guideline Value for Cosmo city (south)

Cosmo city (south) guideline value

The current guideline value for Cosmo city (south) is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Mevaloorkuppam village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Cosmo city (south) has changed

Since the 2012 revision, the guideline value for Cosmo city (south) has seen fluctuations. In 2012, the value was Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 900 per sq.ft. The 2024 revision again maintains this value at Rs 900 per sq.ft, showing no change from the previous year.

The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street in the register. Therefore, the guideline values for those years are not available.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft. The median value is Rs 400 per sq.ft, placing the 2024 figure for Cosmo city (south) above this median.

• Cosmo city ph.IV: Rs 900 per sq.ft (2024)
• Cosmo city ph.III: Rs 900 per sq.ft (2024)
• Cosmo city-II: Rs 900 per sq.ft (2024)
• Cosmocity: Rs 900 per sq.ft (2024)
• Compact Homes -Manjari: Rs 900 per sq.ft (2024)
• Compact Home Niranjana: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Cosmo city (south)

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cosmo city (south)?

The Sub Registrar Office covering Cosmo city (south) is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mevaloorkuppam. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to understand that the final sale price may be influenced by various factors, but the registration process will always consider the guideline value to calculate the applicable fees.

Frequently asked questions

What is the current guideline value for Cosmo city (south)?

The current guideline value for Cosmo city (south) is Rs 900 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 back to Rs 900 per sq.ft in 2023 and 2024.

What is the land classification for Cosmo city (south)?

Cosmo city (south) is classified as Residential Special Type - I under the land classification guidelines.

What are the stamp duty and registration fees for a property in Cosmo city (south)?

The stamp duty is 7% and the registration fee is 2% of the guideline value, which together can amount to significant fees based on the property's size and value.

Where can I find the Sub Registrar Office for Cosmo city (south)?

The Sub Registrar Office for Cosmo city (south) is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.