Atlast, I have successfully moved my Wordpress setup to a new server without facing much problems. My previous host dicontinued more sooner than expected and things are not yet settled with my new host. I have been assigned disk space and MySQL database which helped me in finalizing the migration. I have moved everthing completly and this post will verify if all are working fine.

PS: When I type this post there is no DNS entry added to the new host. So, still the site will not be reachable with the domain name. This will be fixed soon. But anyway nobody will read this post for now execpt me ;-)