Guideline Value for Cosmo city ph.IV

Cosmo city ph.IV guideline value

The current guideline value of Cosmo city ph.IV is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Mevaloorkuppam B village under the Sriperumpudur SRO, classified as Residential Special Type - I.

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

The guideline value for Cosmo city ph.IV has seen several revisions over the years. In 2017, the guideline value was Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in 2023. The most recent revision in 2024 raised the value significantly to Rs 1,320 per sq.ft, marking an increase of 47% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 119%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The changes from the previous revisions indicate a steady increase in the guideline value, particularly from 2017 to 2023, where it rose by 49%.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. Cosmo city ph.IV's 2024 guideline value is above this median.

• Cosmo city ph.III: Rs 1,320 per sq.ft (2024)
• Cosmo city (south): Rs 1,320 per sq.ft (2024)
• Cosmo city-II: Rs 1,320 per sq.ft (2024)
• Cosmocity: Rs 1,320 per sq.ft (2024)
• Compact Homes -Manjari: Rs 1,320 per sq.ft (2024)
• Chennai Bangalore National Highway: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Cosmo city ph.IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Cosmo city ph.IV?

The Sub Registrar Office that covers Cosmo city ph.IV is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

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

The current guideline value of Cosmo city ph.IV is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 119% over this period.

What is the land classification of Cosmo city ph.IV?

Cosmo city ph.IV is classified as Residential Special Type - I under the land classification system.

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

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

How is stamp duty calculated for properties in Cosmo city ph.IV?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.