Guideline Value for Cosmo city ph.III

Cosmo city ph.III guideline value

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

How the guideline value of Cosmo city ph.III has changed

Looking at the historical revisions, the guideline value for Cosmo city ph.III was Rs 900 per sq.ft in 2012. It then dropped to Rs 603 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, it increased significantly by 49%, returning to Rs 900 per sq.ft. The 2024 revision maintains this value at Rs 900 per sq.ft, showing no change from the previous year.

The guideline value register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 900 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Cosmo city ph.III is above this median.

• Cosmo city ph.IV: Rs 900 per sq.ft (2024)
• Cosmo city-II: Rs 900 per sq.ft (2024)
• Cosmo city (south): 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 ph.III

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, totaling Rs 81,000. 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 city ph.III?

The Sub Registrar Office that covers Cosmo city ph.III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mevaloorkuppam. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Cosmo city ph.III?

The current guideline value of Cosmo city ph.III is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, and back to Rs 900 per sq.ft in 2023 and 2024.

What are the other streets in Mevaloorkuppam with similar guideline values?

Other streets in Mevaloorkuppam with a guideline value of Rs 900 per sq.ft include Cosmo city ph.IV, Cosmo city-II, Cosmo city (south), Cosmocity, and Compact Homes -Manjari.

What is the stamp duty for a property in Cosmo city ph.III?

The stamp duty for a property in Cosmo city ph.III is 7% of the guideline value, which would amount to Rs 63,000 for a 1,000 sq.ft plot at the current rate.

Where can I find the Sub Registrar Office for Cosmo city ph.III?

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