Guideline Value for Cosmo city-II

Cosmo city-II guideline value

The current guideline value of Cosmo city-II, located in Mevaloorkuppam village under the Sriperumpudur SRO, is Rs 900 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Cosmo city-II has changed

Over the years, the guideline value for Cosmo city-II has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 900 per sq.ft. The 2017 revision marked a significant increase to Rs 603 per sq.ft, representing a 49% rise from the previous figure. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but overall, from 2012 to 2024, there has been no change, maintaining the value at Rs 900 per sq.ft. The most recent revision in 2024 shows no change from the previous year, indicating stability in the guideline value for this street.

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. The median guideline value in this village is Rs 400 per sq.ft, positioning Cosmo city-II above that median at Rs 900 per sq.ft.

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

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, while the registration fee at 2% would be Rs 18,000, leading to a total cost of 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cosmo city-II?

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

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

The guideline value is a critical factor during the registration of property transactions in Mevaloorkuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cosmo city-II?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft from 2012 to 2024, with a significant change from Rs 603 per sq.ft in 2017. There have been no figures for the revisions in 2002, 2003, and 2007.

What is the median guideline value in Mevaloorkuppam?

The median guideline value in Mevaloorkuppam is Rs 400 per sq.ft, with Cosmo city-II being above this median at Rs 900 per sq.ft.

What are the stamp duty rates for properties in Cosmo city-II?

The stamp duty for properties in Cosmo city-II is charged at 7% of the guideline value or the sale price, whichever is higher. There is also a registration fee of 2% applicable.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.