Guideline Value for MRP GREEN HOMES PHASE-II

Mrp Green Homes Phase-II guideline value

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

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

The guideline value for Mrp Green Homes Phase-II has remained consistent over the years. The register shows that from the 2017 revision to the 2024 revision, the value has been Rs 700 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Similarly, the 2023 revision also recorded the guideline value at Rs 700 per sq.ft, indicating no change from the previous years. Overall, from the 2017 revision to the 2024 revision, there has been a 0% change in the guideline value.

Guideline values in Somangalam

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

• Mrp Green Homes Phase-III: Rs 700 per sq.ft (2024)
• Mrp Green Homes: Rs 747 per sq.ft (2024)
• MRP Green Village: 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-II

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total 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, leading to a total of Rs 63,000. It is important to note that 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 Mrp Green Homes Phase-II?

The Sub Registrar Office that covers Mrp Green Homes Phase-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 information.

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

The guideline value is a crucial factor in property transactions in Somangalam. It serves as a benchmark for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to determine the applicable duties and fees, ensuring that both parties are aware of the financial implications of the transaction. It is essential for all parties involved to understand how this value impacts their dealings in the real estate market.

Frequently asked questions

What is the current guideline value for Mrp Green Homes Phase-II?

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

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 700 per sq.ft from 2017 to 2024. There are no figures available for the street for the revisions in 2002, 2003, 2007, and 2012.

What is the stamp duty for properties in Mrp Green Homes Phase-II?

The stamp duty for properties in Mrp Green Homes Phase-II is calculated at 7% of the guideline value. For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000.

Where is the Sub Registrar Office located for Mrp Green Homes Phase-II?

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

What are the guideline values for other streets in Somangalam?

Other streets in Somangalam have varying guideline values, with rates ranging from Rs 150 to Rs 800 per sq.ft. Mrp Green Homes Phase-II is positioned above the median value of Rs 350 per sq.ft.