Guideline Value for MRP GREEN HOMES

Mrp Green Homes guideline value

The current guideline value for Mrp Green Homes is Rs 747 per sq.ft. This property is located in Somangalam_B village under the Sriperumpudur SRO, classified as Mixed Type - III land.

How the guideline value of Mrp Green Homes has changed

From the 2017 revision, the guideline value was Rs 500 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it was updated to Rs 747 per sq.ft, representing a 49% increase from the 2017 figure. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Between the 2023 and 2024 revisions, there was no change in the guideline value, remaining at Rs 747 per sq.ft. Overall, from 2017 to 2024, the guideline value increased by 49%.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO with a 2024 guideline value range from Rs 150 to Rs 2,500 per sq.ft. The median value for the village is Rs 250 per sq.ft, placing the 2024 guideline value for Mrp Green Homes above this median.

• 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)
• Kulakkarai street: Rs 400 per sq.ft (2024)
• KR Garden Phase-II: Rs 400 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 be Rs 52,290, and the registration fee at 2% would be Rs 14,940, making the total charges Rs 67,230. 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 further calculations.

Which Sub Registrar Office covers Mrp Green Homes?

The Mrp Green Homes property falls under 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_B

The guideline value is a crucial factor during the registration of property transactions in Somangalam_B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, both parties must agree on a sale price that meets or exceeds the guideline value. This ensures compliance with local regulations and helps avoid any legal issues during the registration process.

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 as per the 2024 revision.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 500 per sq.ft to Rs 747 per sq.ft in 2024, which is a 49% increase. There was no change in the guideline value from 2023 to 2024.

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

For a 1,000 sq.ft plot at the guideline value of Rs 747 per sq.ft, the total guideline value would be 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?

Mrp Green Homes is covered by the Sriperumpudur Sub Registrar Office, 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 is relevant for determining the applicable guidelines and regulations for property transactions in the area.