Guideline Value for Cosmocity
₹1320/sq.ft.
The guideline value for Cosmocity in Mevaloorkuppam B village (Sriperumpudur SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 47% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Mevaloorkuppam B
Village
Sriperumpudur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1320 /sq.ft. |
| From 1-4-2023 | ₹900 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹603 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Cosmocity
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Cosmocity guideline value
The current guideline value of Cosmocity is Rs 1,320 per sq.ft, effective from 1 July 2024. It is located in Mevaloorkuppam B village under the Sriperumpudur SRO, classified as Residential Special Type - I.
How the guideline value of Cosmocity has changed
Over the years, the guideline value of Cosmocity has seen significant changes. The 2017 revision recorded a value of Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in 2023, marking a 49% rise. The most recent 2024 revision set the value at Rs 1,320 per sq.ft, reflecting a 47% increase from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.
Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 119%. This consistent rise indicates a notable change in the valuation of properties in this area.
Guideline values in Mevaloorkuppam B
In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing the guideline value of Cosmocity above this median.
- Cosmo city-II: Rs 1,320 per sq.ft (2024)
- Cosmo city ph.III: Rs 1,320 per sq.ft (2024)
- Cosmo city ph.IV: Rs 1,320 per sq.ft (2024)
- Cosmo city (south): 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 Cosmocity
For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. Please 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 details.
Which Sub Registrar Office covers Cosmocity?
The Sub Registrar Office that covers Cosmocity 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 B
The guideline value is a crucial factor in the registration process when buying or selling property in Mevaloorkuppam B. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.
When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This means that even if the sale price is lower than the guideline value, the stamp duty and registration fees will be calculated based on the guideline value.
Frequently asked questions
What is the current guideline value of Cosmocity?
The current guideline value of Cosmocity is Rs 1,320 per sq.ft, effective from 1 July 2024.
How much has the guideline value changed over the years?
Since the 2017 revision, the guideline value has increased by 119% to the current value of Rs 1,320 per sq.ft in 2024. The 2023 revision was Rs 900 per sq.ft, showing a 47% increase from that year.
What are the other streets in Mevaloorkuppam B with the same guideline value?
Other streets in Mevaloorkuppam B that share the same guideline value of Rs 1,320 per sq.ft include Cosmo city-II, Cosmo city ph.III, Cosmo city ph.IV, Cosmo city (south), and Compact Homes -Manjari.
What is the registration fee for property in Cosmocity?
The registration fee for property in Cosmocity is calculated at 2% of the guideline value. For a property valued at Rs 13,20,000, the registration fee would be Rs 26,400.
Where can I find the Sub Registrar Office for Cosmocity?
The Sub Registrar Office for Cosmocity is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the relevant links.
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