Guideline Value for MRP GREEN HOMES

Mrp Green Homes guideline value

The current guideline value of Mrp Green Homes is Rs 747 per sq.ft, effective from 1 July 2024. This property is located in Somangalam village, under the Sriperumpudur SRO, with a land classification of Mixed Type - III.

How the guideline value of Mrp Green Homes has changed

The guideline value for Mrp Green Homes has undergone several revisions over the years. The 2017 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 747 per sq.ft. The 2024 revision has also maintained this figure at Rs 747 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, with no change observed between the 2023 and 2024 revisions.

Guideline values in Somangalam

In Somangalam, there are 86 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median of Rs 350 per sq.ft. Mrp Green Homes' 2024 figure of Rs 747 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 747 per sq.ft, the total guideline value would be Rs 7,47,000. The stamp duty at 7% would amount to Rs 52,290, while the registration fee at 2% would be Rs 14,940, bringing the total fees together to Rs 67,230. 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 information.

Which Sub Registrar Office covers Mrp Green Homes?

The Sub Registrar Office covering Mrp Green Homes 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 Somangalam

The guideline value is a crucial factor in the registration process when buying or selling property in Somangalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When you proceed with a property transaction, the guideline value will be used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Mrp Green Homes?

The current guideline value for Mrp Green Homes is Rs 747 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 747 per sq.ft since the 2023 revision. Prior to that, it was Rs 500 per sq.ft in 2017, marking a 49% increase over the years.

What are the stamp duty and registration fees for buying property in Mrp Green Homes?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,47,000. The stamp duty would be Rs 52,290, and the registration fee would be Rs 14,940, totaling Rs 67,230.

Which Sub Registrar Office covers Mrp Green Homes?

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

What is the land classification for Mrp Green Homes?

The land classification for Mrp Green Homes is Mixed Type - III, which indicates the type of development permissible in the area.