Guideline Value for MRP GREEN HOMES PHASE-III

Mrp Green Homes Phase-III guideline value

The current guideline value of Mrp Green Homes Phase-III is Rs 700 per sq.ft. This property is located in Somangalam village, under the Sriperumpudur SRO, and is classified as Mixed Type - I land.

How the guideline value of Mrp Green Homes Phase-III has changed

Since the 2002 revision, the guideline value for Mrp Green Homes Phase-III has not changed. The register has no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 700 per sq.ft, which remained unchanged in the 2023 revision. The most recent revision in 2024 also maintains the guideline value at Rs 700 per sq.ft, indicating no percentage change across these revisions.

Overall, from 2017 to 2024, the guideline value has seen a consistent figure of Rs 700 per sq.ft, with no increases or decreases recorded during this period. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 are both at +0%.

Guideline values in Somangalam

In Somangalam, there are 86 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median of Rs 350 per sq.ft. The guideline value for Mrp Green Homes Phase-III is above this median.

• Mrp Green Homes Phase-II: Rs 700 per sq.ft (2024)
• MRP Green Village: Rs 747 per sq.ft (2024)
• Mrp Green Homes: Rs 747 per sq.ft (2024)
• MR Nagar: Rs 200 per sq.ft (2024)
• Manikandapuri: Rs 200 per sq.ft (2024)
• Kundrathur main road: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Mrp Green Homes Phase-III

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mrp Green Homes Phase-III?

The Sub Registrar Office that covers Mrp Green Homes Phase-III 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 Somangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Somangalam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Mrp Green Homes Phase-III?

The current guideline value of Mrp Green Homes Phase-III is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has remained consistent at Rs 700 per sq.ft, with no changes recorded in the revisions from 2017 to 2024.

What is the land classification for Mrp Green Homes Phase-III?

Mrp Green Homes Phase-III is classified as Mixed Type - I land, which indicates its suitability for various types of development.

Where can I find the Sub Registrar Office for Mrp Green Homes Phase-III?

The Sub Registrar Office for Mrp Green Homes Phase-III is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Somangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,00,000, the stamp duty would be calculated at 7% of this amount.